RBC Updates Model for Carlsberg Post-H1 Results; Outperform Rating Kept

01:41 AM EDT, 08/20/2026 (MT Newswires) -- RBC Capital Markets said Wednesday it adjusted its model for Carlsberg (CARL-A.CO, CARL-B.CO), tweaking its price target and earnings forecasts to reflect the brewery group's first-half earnings and currency movements. For the six months ended June 30, Carlsberg's revenue came in at 47.05 billion Danish kroner, compared with 45.86 billion kroner in the previous year. Meanwhile, the company narrowed its full-year 2026 operating profit growth guidance to between 4% and 6% from the previous target of 2% to 6%. Accordingly, the research firm now projects a 5.4% organic operating profit growth for 2026. RBC also lifted its price target on the stock to 1,050 kroner from 1,040 kroner and maintained its outperform rating.