E-Malt.com News article: Denmark: Carlsberg’s share price target downgraded by Deutsche Bank

Deutsche Bank has downgraded the share price target on Danish brewery group Carlsberg A/S to DKK300 from DKK345 and kept its "sell" recommendation on the stock, M2 PressWire communicated on November, 18.

According to Deutsche Bank, the market has underestimated the probably serious impact on Carlsberg's beer sales in Russia, as it now seems that taxes on beer most likely will be tripled there.


20 November, 2009