Danske Equities has reduced its rating on the Danish brewer, Carlsberg, from “Trading Buy” to “Buy”.
“As the stock has done quite well since we upgraded it to ‘Trading Buy’ in late February and we see a risk of Carlsberg delivering a fairly weak Q1 result, we believe the time is right to change rating,” the broker said.
Carlsberg is to publish its first-quarter results on May 8.
