Coca-Cola (KO) PT Raised to $68 at Cowen

Cowen analyst Vivien Azer raised the price target on Coca-Cola (NYSE: KO) to $68.00 (from $65.00) while maintaining a Market Perform rating.

The analyst commented, "KO delivered 1Q22 EPS of $0.64, which was 6 cents ahead of our consensus-matching estimate. Organic revenue growth was up an impressive 18%, as the company cycled its easiest comparison of the year. Full year guidance remains unchanged, for organic revenue growth of 7-8%, and underlying LC EPS growth of 8-10%."

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