Barclays has adjusted its price target for Coca-Cola Europacific Partners (CCEP, Financial), raising it from $99 to $100. Despite maintaining an "Overweight" rating, the investment firm highlighted ongoing challenges within the consumer staples sector as it previews first-quarter earnings for the group.
The analysis points to an overarching consumer lethargy that could persist, expressing skepticism about significant recovery even as markets adjust post-event dubbed "Liberation Day." Although recent reductions in tariff-related costs provide some relief, Barclays emphasizes that a climate of uncertainty continues to hang over the consumer staples industry.
Investors are advised to note both the lifted price target and the persisting broader market uncertainties as they evaluate CCEP and similar stocks within the sector.
