Goldman Sachs maintains a Sell rating on CCU, lowering target prices for local shares and ADRs following a Q1 model update that reduced 2026-28 EBITDA forecasts by 5%.
Key Takeaways
- 1.Goldman Sachs maintains a Sell rating on CCU following the Q1 results update.
- 2.The 12-month target prices for both local shares (CLP4,365) and ADRs (US$9.70) have been reduced by approximately 9-10%.
- 3.EBITDA forecasts for 2026-2028 are revised downward by 5% on average, primarily due to weak performance in the Wine and International segments.
Table of Contents
- CCU model summary
- Disclosure Appendix
- GS Factor Profile
- M&A Rank
- Quantum
- Disclosures
- Price target and rating history chart(s)
- Target price history table(s)
- Additional disclosures required under the laws and regulations of jurisdictions other than the United States
- Ratings, coverage universe and related definitions
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Authors
Thiago BortoluciNicolas Sussmann
Securities
CCU.SNCCU
Themes
Earnings-driven price target revisionsUnderperformance in International and Wine segments
Regions
Latin AmericaChileArgentina