The Coca-Cola Company Reports First Quarter 2016 Results
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Coca-Cola (KO) Selloff Overdone - Stifel
April 21, 2016 7:17 AM EDTStifel analyst, Mark Swartzberg, thinks that Wednesdays's underperformance of Coca-Cola (NYSE: KO) (down 4.8%, XLP down 1.1%) reflects skepticism Coke will hit its 4%-5% organic revenue target for 2016 and he reduced his organic revenue estimate to +4.0% from +4.9%. However, he maintained his Buy rating and $54 PT.
However, he also thinks Wednesdays weakness creates a buying opportunity for the... More
