FEVR ETF

Fevertree Drinks (AIM:FEVR) plc, the maker of the premium range of drinks mixers, has been given a lower share price target by Deutsche Bank after failing to make a splash in last-week's first-half results. Though sales were up 10% in the US (which became the largest geographic market last year), they were down 6% in the UK and 10% in Europe.

Fevertree Drinks (AIM:FEVR) reported a profit rebound in the first half of the year as its market share continued to bubble up in the US, though overall sales were flat. The maker of premium mixers declared a 2% increase in its interim dividend to 5.85p per share as it declared a “strong start” has been made to the second half where it is optimistic about accelerating growth.

Fevertree Drinks (AIM:FEVR) shares may struggle in the short term due to a challenging market, reckons Deutsche Bank, though in the long run they are "well positioned to capitalise" in the market for premium drink mixers.  A 'buy' recommendation was maintained, but the bank slashed its target price to 1,450p from 1,600p.