Wells Fargo Starts Coca-Cola (KO) at Outperform; Happy Birthday -- Poised For Future Sustainable Growth

Wells Fargo initiates coverage on Coca-Cola (NYSE: KO) with an Outperform. Valuation range is $75-77.

Wells analyst says, "KO is our top pick within our beverage coverage universe
based on our belief that KO is in the midst of a virtuous cycle of innovation that has widened its competitive advantage and positioned the company for
additional share gains and above industry average growth for at least the next 3-5 years. We think current valuation does not appropriately account for the
significant growth opportunities implied in KO’s long-term strategic plan, 2020
Vision. As KO demonstrates consistent ability to build revenue and profit to
above the industry average, EPS estimates and multiples should increase."

For more ratings news on Coca-Cola click here and for the rating history of Coca-Cola click here.

Shares of Coca-Cola closed at $67.32 yesterday.

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