Credit Suisse Starts Coca-Cola (KO) at Neutral
- Top 10 News for 9/19 - 9/23: Twitter on the Auction Block; Allergan Bolsters NASH Effort; Microsoft Returns Value
- Wall Street falls as energy lags; shares post gains on week
- Rumored Forever, Twitter (TWTR) May Have Finally Put the 'For Sale' Sign Up
- Facebook (FB) Shares Under Pressure on Reports Video Ad Metrics Were Artificially Inflated
- Brookfield Infrastructure (BIP)-Led Consortium to Take Controlling Stake in Petrobras' (PBR) NTS for $5.2B
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
Credit Suisse initiates coverage on Coca-Cola (NYSE: KO) with a Neutral rating and a price target of $44.00.
Analyst Laurent Grandet commented, "We are initiating coverage of The Coca-Cola Company with a Neutral rating and $44 target price. We think the shares will remain range-bound over the coming 12 months as the company implements the organizational and operational changes it is currently undertaking. Coke is one of the top three most valuable brands in the world and one of the best operators out there. Our estimates are generally in-line with the consensus for FY16/17, but we think earnings over the coming year or two will be bumpy owing to the timing of refranchising."
Shares of Coca-Cola closed at $42.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Prudential Financial (PRU) Garners Spot on Goldman Sachs's Conviction Buy List
- Wedbush Remains Bullish on AutoZone (AZO) Following 4Q Report
- UBS Reiterates Buy Ahead of Costco Wholesale's (COST) 4Q Report
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Related EntitiesCredit Suisse, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!