Broker snap: Cadbury attractive takeover target
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Lehman Brothers has raised its rating on Cadbury Schweppes to 'overweight' from 'equal-weight', saying the sweets-and-drinks giant is set to benefit from its cost reduction initiative and separation from its Americas drinks business.
Separation makes consolidation of its sweets business more likely Lehman said, adding that Cadbury is the most attractive takeover or merger target in the confectionery sector.
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It maintains its 660p price target on the company.
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