Close

Coca-Cola (KO) PT Raised to $60 at Cowen

July 21, 2021 3:52 PM EDT
Get Alerts KO Hot Sheet
Price: $65.29 +0.15%

Rating Summary:
    21 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 21 | New: 27
Join SI Premium – FREE

Cowen analyst Vivien Azer raised the price target on Coca-Cola (NYSE: KO) to $60.00 (from $57.00) while maintaining a Market Perform rating.

The analyst commented, "KO delivered a strong beat, with EPS of $0.68, vs. our $0.55 est., driven by much better than expected top line growth. Revenue growth of 41% was well ahead of our +27% estimate. Guidance comes up on the top line (to +12-14% vs. high single digits previously), as does EPS growth (to +13-15% vs. high single digit to low DD previously). Investment spending to climb in 2H21. Maintain Market Perform."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Cowen & Co