Credit Suisse Starts Coca-Cola (KO) at Neutral
- World shares ride earnings to fresh high, dollar steady
- Oil prices edge higher as Delta variant spread caps gains
- Dollar trades near recent lows; kiwi climbs
- After-Hours Stock Movers 08/03: (CERS) (NVTA) (ATVI) Higher; (ZY) (LPSN) (OSUR) Lower (more...)
- Tencent (TCEHY) Falls Sharply as State Media Describes Online Games as ‘Spiritual Opium’, Company Vows to Improve
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Credit Suisse initiates coverage on Coca-Cola (NYSE: KO) with a Neutral rating and a price target of $44.00.
Analyst Laurent Grandet commented, "We are initiating coverage of The Coca-Cola Company with a Neutral rating and $44 target price. We think the shares will remain range-bound over the coming 12 months as the company implements the organizational and operational changes it is currently undertaking. Coke is one of the top three most valuable brands in the world and one of the best operators out there. Our estimates are generally in-line with the consensus for FY16/17, but we think earnings over the coming year or two will be bumpy owing to the timing of refranchising."
Shares of Coca-Cola closed at $42.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Assumes Clarivate Plc (CLVT) at Outperform
- Activision Blizzard (ATVI) PT Lowered to $105 at Oppenheimer
- Northland Capital Markets Reiterates Underperform Rating on SolarEdge Technologies (SEDG) After Guiding Above Consensus
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Related EntitiesCredit Suisse, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!