TWE - UBS rates the stock as Upgrade to Buy
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UBS believes the company has the opportunity to accelerate both value and volume share in China over the next 3--5 years. Asia is expected to become the largest contributor to operating earnings by FY19.
The broker's analysis shows that the company's brands are materially under penetrated but rate highly among wine consumers. UBS upgrades to Buy from Neutral. Target is raised to $17.30 from $13.00.
Sector: Food, Beverage & Tobacco.
Target price is $17.30.Current Price is $15.93. Difference: $1.37 - (brackets indicate current price is over target). If TWE meets the UBS target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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