In the good books
COCA-COLA AMATIL (CCL) was upgraded to Neutral from Underperform by Macquarie and to Neutral from Underperform by Credit Suisse
Management has reiterated expectations for mid single-digit earnings growth in 2020. Macquarie welcomes the company's confidence in the outlook and upgrades to Neutral from Underperform. Second half profit growth is expected to be higher than the first half. Coca-Cola Amatil has confirmed 2019 will be the end of its transition period and it can now focus on the top line. Target is raised to $11.20 from $8.77.