UPDATE: Bank of America Initiates Coca-Cola HBC at Underperform on Uncertain Margin Recovery

In a report published on Monday, Bank of America analyst Henry Davies initiated coverage on Coca-Cola HBC (NYSE: CCH ) with a Rating of Underperform and a price target of $21.60. In the report, Bank of America stated, "While CCH's recent investor day highlighted a number of LT positives (p15),