Coca-Cola Europacific Partners (CCEP) has "enough levers" in place to protect its earnings growth in the periods to come, UBS said in an earnings preview emailed Tuesday.
Despite multiple headwinds, which include the loss of Nestea in Spain among others, the company can still support earnings before interest and tax, or EBIT, growth of around 7% in fiscal 2025 due to stronger margins, the firm said.
UBS also expects the company to initiate share buybacks in fiscal 2025 as its net debt-to -EBITDA ratio reaches an estimated multiple of 2.8.
Separately, the company's inclusion in the FTSE index during the fiscal year could also be a catalyst to broaden the investor base, UBS said.
Meanwhile, for Q4, the firm said it was forecasting revenue growth of 5.1% which compared to the consensus of 4.8%.
UBS has a buy rating on the stock with a price target of $90.
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