Broker Goldman Sachs has upgraded Irish drinks group C&C to a 'buy'.
This follows results in early July in which C&C reported that revenue and operating profit were significantly ahead of expectations for the four months to June 2006.
Goldman Sachs said current market data suggested this momentum had continued well into July, with its cider brand Magners benefiting from unusually hot weather.
The upgrade follows weekend reports that C&C was preparing to sell its soft drinks arm, which a spokesperson for the company says is not true.
C&C shares closed eight cent higher at €8.63 in Dublin this evening.
