Deutsche Bank upgrades Anheuser-Busch InBev, Campari on beer, soft drinks outlook

Deutsche Bank has upgraded Anheuser-Busch InBev and Campari Group to "buy," raising their price targets due to a selective positive outlook on beer and a constructive view on soft drinks within the European beverages sector. Analyst Mitch Collett noted that while beverage alcohol faces headwinds from health concerns and changing consumer preferences, soft drinks are showing strong growth. The bank maintained "buy" ratings for Coca-Cola Europacific Partners and Coca-Cola Hellenic but cut targets