UBS Maintains a 'Neutral' on Coca-Cola (KO); Solid Execution and Spending Flex
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Price: $87.71 +0.33%
Rating Summary:
25 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Coca-Cola (NYSE: KO) price target raised from $70 to $73.
UBS analyst says, "We are slightly raising our 2012-13 estimates for KO to $4.11 and $4.53, from $4.09 and $4.51. Our new 2012 estimates are based on: 1) 3.3% global volume growth; 2) slightly diminishing FX headwinds (guided L/MSD), 3) slightly better EBIT margins than previously anticipated (partial amounts of new productivity and CCR synergies), 4) flat y/y 2012 GMs, and 5) $30m in interest income."
"Investment Thesis: KO continues to deliver solid EPS and global volume growth amid a volatile macro environment, and we continue to view KO as a best-in-class operator. That said, in light of slowing volumes and the need for higher spending, we see limited upside at current valuation. A 2.7% dividend yield and $2.5-3bn in share repurchases offer downside support."
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 $68.55 yesterday.
UBS analyst says, "We are slightly raising our 2012-13 estimates for KO to $4.11 and $4.53, from $4.09 and $4.51. Our new 2012 estimates are based on: 1) 3.3% global volume growth; 2) slightly diminishing FX headwinds (guided L/MSD), 3) slightly better EBIT margins than previously anticipated (partial amounts of new productivity and CCR synergies), 4) flat y/y 2012 GMs, and 5) $30m in interest income."
"Investment Thesis: KO continues to deliver solid EPS and global volume growth amid a volatile macro environment, and we continue to view KO as a best-in-class operator. That said, in light of slowing volumes and the need for higher spending, we see limited upside at current valuation. A 2.7% dividend yield and $2.5-3bn in share repurchases offer downside support."
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 $68.55 yesterday.
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