Mexico's Coca-Cola Femsa ditches plans to buy U.S. operations

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Coca-Cola (KO) PT Raised to $49 at UBS; 'Raising 2018/2019 Margin Estimates for Recent Commitment to Productivity'

May 16, 2017 10:17 AM EDT

UBS raised its price target on Coca-Cola (NYSE: KO) to $49.00 (from $48.00) while maintaining a Buy rating, following a company update.

Analyst Stephen Powers offers the shares as a compelling large cap option for investors, suggesting the new CEO's initiatives could prove more... More