The Coca-Cola Company Reports Third Quarter 2016 Results

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Jefferies Raises Price Target on Coca Cola (KO) to $46 Following 3Q; Reaffirmed Guidance

October 27, 2016 8:19 AM EDT

Jefferies reiterated a Hold rating on Coca-Cola (NYSE: KO), and raised the price target to $46.00 (from $45.00), following the company's 3Q earnings report. KO's 3Q EPS of $0.49 came in $0.01 ahead of Street est. with org sales growth of 3% relatively in-line. KO reaffirmed its... More