Britvic: Berenberg upgrades to buy with a target price of 900p.
With Britvic's first-half performance highlighting a number of promising trends, analysts at Berenberg felt the overall outlook for the drinks maker was becoming "more positive" and deserved an upgrade to its recommendation.
St James Place: Deutsche Bank upgrades to buy with a target price of 1,430p.
Societe Generale upgraded drinks maker Britvic to 'buy' from 'hold' following the company's interim results on Wednesday, which it said were a beat.
Drinks maker Britvic posted a jump in interim revenue and earnings but a drop in pre-tax profit on Wednesday as it expressed confidence over the rest of the year.
(WebFG News) - Experian: Deutsche Bank upgrades to buy with a target price of 1,750p.
Analysts at Morgan Stanley upgraded their recommendation for shares of Britvic on Thursday from 'hold' to 'buy', explaining that the shares' current level provided an "attractive" entry point, given the outlook for several of the company's main financial metrics over the medium-term, including a projected quadrupling of its free cash flows.
Capita: Shore Capital Markets upgrades to hold.
Britvic's shares have fallen by 15% in the past month and Shore Capital now thinks the drink maker looks like a 'buy'.
Tullow oil: Barclays downgrades to equal weight with a target price of 190p.
FTSE 250 soft drinks maker Britvic posted a 3.3% jump in first-quarter revenue on Wednesday as it highlighted uncertainty from the introduction of the soft drinks levy.
The UK Environmental Audit Committee is targeting packaging firms and supermarkets to "turn back the tide" on plastic waste and recycling.
Royal Mail: Deutsche Bank downgrades to Sell with a target price of 359p.
Annual profits from Britvic fell less than expected as a poor performance from UK still soft drinks was balanced by a more effervescent performance from carbonated drinks at home and overseas.
Britvic was under the cosh on Tuesday as Shore Capital cut its stance on the drinks maker to 'hold' from 'buy' ahead of its preliminary results on 29 November.
Convatec: HSBC downgrades to Hold with a target price of 240p.
Britvic said on Tuesday that it plans to close its plant in Norwich and transfer production of Robinsons and Fruit Shoot to its manufacturing sites in East London, Leeds and Rugby, in a move that will affect 242 employees.
Soft drinks maker Britvic saw its revenues increase during the third quarter thanks to strong performances in Ireland and France, the company said in a trading update.
Britvic posted its interim results for the 28 weeks to 16 April on Wednesday, reporting an 11.5% increase in revenue to £756.3m.
Berenberg downgraded Britvic to 'hold' from 'buy', keeping the price target at 725p, following a strong re-rating.