JPMorgan Downgrades Coca-Cola Enterprises

NEW YORK (AP) — A JPMorgan analyst on Friday downgraded bottler Coca-Cola Enterprises Inc. to "Neutral" from "Overweight," saying most of the stock's upside has been captured already.

Analyst John Faucher said the firm had been watching for higher sales volume in North America, margin improvement from lower commodity costs and an easing of "public" tension with Coca-Cola.

"We think all three of these are firmly understood by the market," he said, so that any rise in the share price will be more tempered going forward. ...