25 February, 2004

Deutsche Bank have upgraded its ratings for Carlsberg Breweries to “hold” from “sell,” and raised its price target to 280 Danish crowns from 220 crowns. No further details were given. Credit Suisse First Boston also increased its share recommendation, to “neutral” from “underperform.” The investment bank increased its share price target to 270 crowns from 220 crowns. Again, no further details were given.

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