JDEPF - JDE Peet's is viewed more cautiously at Deutsche Bank

Deutsche Bank said on Wednesday that it is updating forecasts ion JDE Peet's N.V. ( OTCPK:JDEPF ) to take into account the recent weakness in European market share data in the wake of more significant price increases than peers. Analyst Tom Sykes noted trade negotiations have been particularly difficult for the company in Europe as the beverage company has looked to pass on coffee price increases as their hedging rolls off. In particular, JDE Peet's is noted to have seen a setback in Germany.

After factoring in those headwinds, the firm kept a Buy rating in place on JDE Peet's ( OTCPK:JDEPF ) due to the strong overall price of coffee, but cut its price target to €32.5 from €37.0.

Shares of JDE Peet's ( OTCPK:JDEPF ) rose 0.15% to €27.58 in Wednesday trading in Amsterdam. See the advanced trading chart.

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