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BUZZ-UBS reshuffles ratings on beverages

Reuters - UK Focus

** UBS (NYSEArca: FBGX - news) changes views on European beverages stocks after consumer surveys, finds large alcohol brands still strong in the U.S (Other OTC: UBGXF - news) .

** UBS reiterates "buy" on AB Inbev, Heineken (Swiss: HEI.SW - news) , Pernod Ricard (Paris: FR0000120693 - news) , and raises Diageo (LSE: DGE.L - news) to "buy" citing strength in emerging markets and U.S. (shares up 0.7-2.4%)

** Separately, Telegraph reports that Diageo could be selling its wine brands, which account for 4 pct of its net sales (http://bit.ly/1jzTWfR)

** UBS also raises Britvic (Stuttgart: B6S.SG - news) to "buy", saying UK core dynamic are improving

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** UBS cuts Coca-Cola HBC to "sell" from "neutral", says margin recovery will be limited by co's regional sales mix and forex headwinds; stock among top losers on the Stoxx 600 , down 0.7% (v index +1.5%)

** UBS cuts Remy Cointreau (Swiss: RCO.SW - news) to "neutral" from "buy" (shares down 1%); says co has limited catalysts ahead of the Chinese New Year (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)