Varun Beverages share price target: BofA maintains ‘Buy’ on Pepsi maker stock; sees strong capacity expansion, portfolio diversification – Markets
According to the brokerage, Varun Beverages is reportedly entering a crucial period of seasonal consumption during the summer season with substantial capacity addition already in place, which will allow it to serve the growing demand for beverages in an efficient manner. BofA noted that “the company’s cash flow profile has improved meaningfully, underpinned by disciplined…
