Coca-Cola Amatil (CCL) Stock Recommendation
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FacebookMerrill Lynch have downgraded their stock recommendation for the Coca-Cola Amatil (CCL) stock to Sell, Medium Risk from Neutral. The broker has warned that the company will undergo the most subdued performance since 1996. The analysts have cut earnings forecasts for the company by 5 to 9 percent. Reasons for this include "continuing unstable competitive conditions in Australia and New Zealand" as well as cost pressures and macro concerns in Indonesia.
Coca-Cola Amatil Limited is listed on the Australian Stock Exchange (ASX) under stock code CCL. You can view their investor website here. The company is involved in the manufacture, distribution and marketing of beverages. Find out the meaning of the recommendations in this primer. Check your charts!
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