Investment bank Credit Suisse First Boston has raised its rating on Australian soft drink bottler Coca-Cola Amatil to "outperform" from "neutral".

The bank also increased its share price target to A$9.50 from A$7.40

The bank's analysts said: "We have upgraded 2005 and medium term EPS on the basis that the Indonesian luxury goods tax on soft drinks will be abolished and margin will accrue to CCL."