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

July 21, 2021 3:52 PM EDT
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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
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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."

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