TWE – UBS rates the stock as Buy

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Nielsen data from the US indicates the company’s December sales were weak, with volume sales down -3.5% in the month. Top brands fared better, up 0.2% year-on-year and an improvement vs November.

Overall, UBS found the data incrementally negative for the company’s America’s business albeit consistent with expectations. UBS retains a Buy rating and a $20.50 target.

Sector: Food, Beverage & Tobacco.

Target price is $20.50.Current Price is $17.02. Difference: $3.48 – (brackets indicate current price is over target). If TWE meets the UBS target it will return approximately 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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