HSBC cuts target for Anadolu Efes stock to TRY 21.00

Published on 10/19/2026 at 03:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC cut its target from TRY 23.00 to TRY 21.00 on October 13, 2026. Anadolu Efes stock has TRY 87.5 billion in second-quarter revenue before November 4.

Three dates shape the story

HSBC cut its Anadolu Efes target from TRY 23.00 to TRY 21.00 on October 13, 2026.
Second-quarter revenue reached TRY 87.5 billion on June 30, 2026.
Anadolu Efes is scheduled to report nine-month results on November 4, 2026.

Anadolu Efes, TRAAEFES91A9, Illustration mit AI erstellt.

Anadolu Efes (ISIN TRAAEFES91A9) faces a lower HSBC target of TRY 21.00 after the bank cut its previous TRY 23.00 target on October 13, 2026. Yatirimx reported that HSBC kept its Hold recommendation and cited pressure on beer sales volumes and a wider holding-company discount.

HSBC lowers the valuation bar

The target reduction amounts to TRY 2.00, or 8.70 percent, from the earlier target. HSBC's Hold view therefore sets a more cautious valuation framework for the stock than the previous report, while the cited volume pressure remains the central operating concern.

Three reported periods and events

The chronology shows a mixed earnings picture. In the first quarter of 2026, Anadolu Efes reported revenue of TRY 62.4 billion, up 33.00 percent from the first quarter of 2025, while net income rose 9.90 percent to TRY 2.01 billion, according to Simply Wall St. For the second quarter ended June 30, 2026, revenue reached TRY 87.5 billion, up 2.80 percent year over year, while earnings per share fell to TRY 0.86 from TRY 0.91.

On October 13, 2026, HSBC cut its target from TRY 23.00 to TRY 21.00 and retained Hold, as Foreks reported.

What comes next for results?

The next dated event is the nine-month 2026 results announcement on November 4, 2026, according to Simply Wall St. That release will show whether the second-quarter revenue increase translated into stronger earnings after the earnings-per-share decline.

Stock context for investors

Anadolu Efes operates beer and soft-drink businesses, with its shares identified as AEFES on Borsa Istanbul and its sector classified as Consumer Staples. The company identification, exchange and ISIN are stated by Global Banking and Finance Review.