Goldman Sachs Boosts Price Targets on Coca-Cola (KO) to $80, Keeps Top Rating

Goldman Sachs bumped its price target on Conviction Buy List-rated Coca-Cola (NYSE: KO) from $79 to $80 following Q1 results that beat their estimates and the consensus by $0.01 with better top-line results offset in part by lighter margins.

The firm tweaked FY12 EPS from $4.06 to $4.08, FY13 from $4.48 to $4.50 and FY14 from $4.95 to $4.95.

"We continue to favor KO due to its diversified footprint, balanced top-line growth, leading brand equity, and moderating cost pressures," the analyst said.

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 $73.95 yesterday.

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