- Coca-Cola Enterprises (CCE +2.3%) gets a lift from Goldman's Judy Hong who upgrades the shares to Conviction Buy from Neutral.
- The risk/ reward looks good, Hong thinks, as the fundamentals are improving and the valuation — at 14x forward earnings — is very reasonable.
- FY14 and FY15 EPS estimates raised to $2.91 (from $2.87) and $3.47 (from $3.46) respectively.
- Price target hiked to $47 from $43.
Coca-Cola Enterprises upgraded to Conviction Buy at Goldman
Sep 3 2013, 14:52 ET