UK's Fevertree jumps after Jefferies upgrades to 'buy'

Fevertree Drinks

14/10/2025 08:45

** Shares of tonic maker Fevertree Drinks FEVR.L up nearly 5.08% at 827p

** Jefferies upgrades stock rating to "buy" from "hold," citing the deal with Molson Coors TAP.N as providing Fevertree a major uplift in U.S. scale and execution capability, while de-risking its supply chain

** The British company inked a distribution and manufacturing deal with U.S. brewer Molson Coors in January

** Brokerage also raises PT to 1,100p from 900p, which represents a 39.7% upside to the stock's last close on Monday

** The superior growth and margin profile of Fever's portfolio vs mainstream beer is a strong incentive for TAP and its distributors to push the brand - Jefferies

** Average rating of 15 analysts is "hold"; median PT 850p - data compiled by LSEG

** As of last close, co is up nearly 17% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))