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Numis reiterated its “buy” rating on the beer and soft drinks group, following an analyst presentation on Tuesday. The firm’s guidance on its 58 per cent owned joint venture MillerCoors was unchanged, and it is “still optimistic about the margin opportunity for the business and the returns it is generating”.
Cantor Fitzgerald initiated coverage of the patisserie chain with a “buy” rating. The broker noted “society has no instinct to bake, brew coffee or make craft food but all have their place in our culture” and said this is why “an affordable high quality food and drink offer” has “huge potential in the UK”.