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DJ Carlsberg's Cautious Guidance Expected, Room For Earnings Growth -- Market Talk

· 02/05/2021 04:59

0959 GMT - Carlsberg's cautious guidance should have been widely anticipated, says Jefferies. The brewer guided for 2021 organic Ebit growth of 3%-10%, against consensus of 10.5%. "We see opportunities for positive earnings momentum through the year as recovery comes through." Jefferies says that Carlsberg shares aren't expensive, but it prefers AB Inbev and Heineken, which are less well-liked and have greater gearing to recovery. Carlsberg shares rise 3.3%. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 04:59 ET (09:59 GMT)

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