In the good books
1. COCA-COLA AMATIL (CCL) was upgraded to Accumulate from Hold by Ord Minnett
Ord Minnett reviews the stock, noting the Australian beverages division is poised to return to growth because of an increase in volumes and a positive mix on channel and product. Also, while the Indonesian consumer segment is slowing the beverages industry is still performing well. The broker finds the valuation attractive and upgrades to Accumulate from Hold. The next catalyst is expected to be the investor briefing on November 15. Target is steady at $11. This stock is not covered in-house by Ord Minnett. Instead, the broker white labels research by JP Morgan.