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BUZZ-Coca Cola HBC: Top FTSE gainer after JPMorgan hikes to overweight

Reuters - UK Focus

** Bottling company Coca Cola HBC's shares up 2 pct, largest FTSE 100 gainers, after JPMorgan (LSE: JPIU.L - news) analysts raise rating on co to "overweight", PT to 1800p from 1500p

** Analysts say CCH is best-placed in low-inflation world, add soft drinks category is very resilient to macroeconomic volatility

** Add they see balance sheet will be under-geared within a year, co will either return capital or invest in M&A

** Shares (Berlin: DI6.BE - news) top of the Stoxx 600 Food and Beverages Index , which is down 0.4 pct

** A tenth of co's 30-day avg vols gone through in the first ten minutes of trade (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)