Goldman Sachs Adds Coca-Cola (KO) to Conviction Buy List
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Price: $89.66 +0.67%
Rating Summary:
25 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
25 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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Goldman Sachs added Coca-Cola (NYSE: KO) to Conviction Buy with a price target of $77, suggesting 15% upside.
The firm said Coke is the ideal stock to own in a slower-growth macro environment. They cited: (1) a highly visible, 10% EPS growth outlook; (2) market share momentum in global beverages; and (3) an undemanding valuation (16X NTM P/E), below the historical average (17-18X).
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 $66.77 yesterday.
The firm said Coke is the ideal stock to own in a slower-growth macro environment. They cited: (1) a highly visible, 10% EPS growth outlook; (2) market share momentum in global beverages; and (3) an undemanding valuation (16X NTM P/E), below the historical average (17-18X).
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 $66.77 yesterday.
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