CCL

Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.

Record Oil - The Impact of Black Gold

Coca-Cola Amatil (CCL) has a reduced target price from Citi analysts but have a Buy recommendation.

Coca-Cola Amatil (CCL): Volume Concerns Overplayed

Soft Drinks Are Defensive — Market concerns over recent soft volume performance have been overplayed. The volume drop is primarily driven by short-term factors. The soft drink category is defensive and as a result we expect volumes to hold up through the ensuing consumer downturn. Coca- Cola Amatil remains a double-digit growth story.

Merrill 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.

Credit Suisse has a Neutral rating for Coca-Cola Amatil Ltd (CCL). Credit Suisse has warned of cost pressures for the soft drink giant since the last result and the analysts' forecasts have been below consensus for some time. They have not changed their numbers following the downbeat AGM, having already set low levels. They suggest come back in 2008, when there may be some cost relief for CCL. Coca-Cola Amatil Ltd is listed on the Australian Stock Exchange (ASX) under stock code CCL. Check your charts.