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Pop Stock: Coca-Cola Bottling

In the consumer space, the Fast Money gang may have popped the top on a refreshing trade with Coca-Cola Enterprises .

Just this week Credit Suisse upgraded Coca-Cola Enterprises to 'outperform' from 'neutral,' citing room for incremental pricing and mix improvement going into the fall.

'We also believe the company will benefit, like the food companies, from declining input costs for sweetener and packaging against easy second half comparisons,' the firm wrote.

Credit Suisse also lifted its price target on the stock to $20 from $12.

“The positive trends that we saw in the first quarter have continued and we are optimistic.. we’re doing a lot of things right,” says CEO John Brock.

Not to be confused with the Coca-Cola company, Enterprises trades under the ticker CCE and is the arm that bottles Coke, Sprite and other soft drinks.

Incorporated in 1944, CCE handle 16% of the total Coca-Cola product volume sold globally. During the year ended December 31, 2008, CCE sold approximately 42 billion bottles and cans (or 2 billion physical cases) throughout its territories.

Find out more. Check out our entire interview with Coca-Cola Enterprises Chief John Brock. Watch the video now!


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