Stifel Downgrades Coca-Cola (KO) to Hold
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Stifel downgraded Coca-Cola (NYSE: KO) from Buy to Hold with a price target of $45.00 (from $50.00).
Analyst Mark Swartzberg commented, "We are downgrading KO to Hold from Buy, motivated by PEP's 3Q results, our belief neither is suited to multiple expansion, and the likelihood consensus EPS forecasts remain the same or go up slightly."
Shares of Coca-Cola closed at $42.15 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Stifel Downgrades SL Green Realty (SLG) to Hold
- Jefferies Remains Sidelined on FirstEnergy (FE) After Adjusting Forecast
- BMO Capital Raises Price Target on ManpowerGroup (MAN) Following 3Q Surprise
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Downgrades, Hot Downgrades
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!