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Credit Agricole Upgrades Coca-Cola (KO) to Outperform

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Market Underestimates Coca-Cola (KO), Thinks Analyst

March 13, 2013 1:00 PM EDT

Wells Fargo today maintained an Outperform rating on Coca-Cola (NYSE: KO) and raised its price target to $42.00 to $44.00 (from $41.00 to $43.00). Analyst Bonnie Herzog said she thinks the stock deserves a higher premium relative to peers.

"Based on KOs current valuation, we believe the... More