UK's Coca-Cola HBC falls after BNP Paribas cut rating
BUZZ-UK's Coca-Cola HBC falls after BNP Paribas cut rating ** Shares of bottler Coca-Cola HBC CCH.L down 2.5 % at 4,816 pence, top loser on London's FTSE 100 .FTSE
** BNP Paribas cuts rating to "Neutral" from "Outperform", maintains PT at 5,000 p
** Brokerage says following an exceptional run from shares, risk-reward now feels less compelling** BNP Paribas anticipates a risk of asset seizure/cash tax from the Russian Government, affecting performance in the key market
** Paribas analysts expect a strong performance in the near-term, but expect costs, FX and tough comparables to present some headwinds
** 9 of 15 analysts have a "Buy" or higher rating, 4 have "Hold", 2 rate as "Sell" or lower; median PT at 5,300 pence - data compiled by LSEG
** Up to Friday's close, the stock had risen about 29%, compared to a ~10% YTD increase in the FTSE 100
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))