Market Underestimates Coca-Cola (KO), Thinks Analyst

March 13, 2013 1:00 PM EDT
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Price: $41.32 +0.44%

Rating Summary:
    11 Buy, 16 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Wells Fargo today maintained an Outperform rating on Coca-Cola (NYSE: KO) and raised its price target to $42.00 to $44.00 (from $41.00 to $43.00). Analyst Bonnie Herzog said she thinks the stock deserves a higher premium relative to peers.

"Based on KO’s current valuation, we believe the market is underestimating KO's long-term growth opportunities and the power of its global bottling network," analyst Herzog. "Therefore, we believe KO's current valuation premium of only ~10% to its peers is too narrow and presents a good entry point for long-term

For an analyst ratings summary and ratings history on Coca-Cola (NYSE: KO) click here. For more ratings news on Coca-Cola click here.

Shares of Coca-Cola closed at $38.96 yesterday.

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