Stifel Downgrades Coca-Cola (KO) to Hold

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."

For an analyst ratings summary and ratings history on Coca-Cola click here. For more ratings news on Coca-Cola click here.

Shares of Coca-Cola closed at $42.15 yesterday.

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