Bryan Garnier - Carlsberg A/S Class B (CARL B) CARLSBERG: Potentially the one to buy in a panic sell-off | BUY - TOP PICKS | DKK1050 vs. DKK1220 (+18%)

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Bryan Garnier

Nikolaas Faes

CARLSBERG: Potentially the one to buy in a panic sell-off | BUY - TOP PICKS | DKK1050 vs. DKK1220 (+18%)

CARLSBERG - BUY - TOP PICKS | DKK1050 vs. DKK1220 (+18%)
Potentially the one to buy in a panic sell-off

Lowering forecasts but re-iterate Buy â€“ Top Picks
China has been a key growth driver for Carlsberg
More cost savings to come from Western Europe

02/03/2020 4 EN

Underlying

Carlsberg A/S Class B

Carlsberg is engaged in the production and sale of beer and other beverages. Co.'s brewing operations are concentrated in Northern and Western Europe, Eastern Europe and Asia, while markets outside these regions are serviced through exports and production under license. Co.'s other beverages include soft drinks, water and cider. In addition to beverage activities, Co. is also engaged in real estate.

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DK0010181759 Nasdaq Nordic Copenhagen Denmark

Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Nikolaas Faes

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CARLSBERG: Potentially the one to buy in a panic sell-off | BUY - TOP PICKS | DKK1050 vs. DKK1220 (+18%)

Carlsberg (Buy, TP: DKK1110.00) - Probably a good start to the year

Carlsberg AS: 1 director

Carlsberg (Buy, TP: DKK1110.00) - Refreshing long-term targets

Edenred: re-accelerating in Q1 2024

Planisware to start trading on 18th April with a EUR1.1bn valuation

LVMH: Q1 might be the low point for F&LG growth

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