UPDATE: Barclays Starts Coca-Cola (KO) at Equalweight
Get Alerts KO Hot Sheet
Rating Summary:
20 Buy, 13 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Barclays initiates coverage on Coca-Cola (NYSE: KO) with a Equalweight rating and a price target of $42.00.
Analyst Lauren Lieberman sees limited earnings growth potential due to refranchising and FX impact in 2017.
"KO is re-working its portfolio strategy with a newfound vigor while at the same time transforming the bottling system so that it is capable of supporting the portfolio changes. Most believe that KO will not be able to transform itself quickly enough to meet evolving consumer preferences and that the company’s top-line expectations are therefore unrealistic. We believe that KO is truly committed to adjusting its business but know it will be difficult to parse out signs of progress in the face of ongoing emerging markets headwinds and the structural drag on the P&L from refranchising"
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 $41.74 Friday.
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