UPDATE: BMO Capital Downgrades Coca-Cola (KO) to Market Perform

BMO Capital downgraded Coca-Cola (NYSE: KO) from Outperform to Market Perform with a price target of $46.00.

Analyst Amit Sharma says the stock is near peak valuation and the company's portfolio offering is reflected in the price. Sharma saws the downgrade does not reflect a change in the LT view on the company or its earnings power.

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 $45.98 yesterday.

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