Credit Suisse Starts Coca-Cola (KO) at Neutral
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium 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
- Drexel Hamilton Raises Price Target on Workday (WDAY) Following 3Q Beat
- Mnuchin Wants Fannie (FNMA)/Freddie (FMCC) Out of Government Hands, But Stocks Grossly Overvalued - Keefe, Bruyette & Woods
- Oppenheimer Cuts Price Target on Workday (WDAY) Following 3Q; Reiterates Outperform
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!