Coca-Cola Reports Third Quarter 2024 Results and Provides Updated Guidance
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Coca-Cola (KO) PT Lowered to $76 at BNP Paribas Exane, Remains Top Pick in Beverages
October 24, 2024 12:07 PM EDTBNP Paribas Exane analyst Kevin Grundy lowered the price target on Coca-Cola (NYSE: KO) to $76.00 (from $78.00) while maintaining a Outperform rating.
The analyst comments "We edge FY25-26 EPS lower (stronger USD) and TP to $76 (prior $78) post KO's mixed 3Q, though the qtr. does very little to change our (+) LT thesis. It is an unforgiving market backdrop in staples for volume shortfalls as growth 'normalizes' (i.e., less pricing contribution as volumes recover). As a result, KO's 3Q price/mix driven OSG/EPS beat was overshadowed by modest... More
Coca-Cola (KO) PT Lowered to $76 at Morgan Stanley
October 23, 2024 4:22 PM EDTMorgan Stanley analyst Dara Mohsenian lowered the price target on Coca-Cola (NYSE: KO) to $76.00 (from $78.00) while maintaining a Overweight rating.
The analyst comments "We are OW KO, with another strong OSG result in Q3 confirming Coke will land at a higher OSG pace... More
Coca-Cola (KO) PT Lowered to $70 at CFRA
October 23, 2024 9:02 AM EDTCFRA analyst Garrett Nelson lowered the price target on Coca-Cola (NYSE: KO) to $70.00 (from $72.00) while maintaining a Hold rating.
The analyst comments "We lower our 12-month price target by $2 to $70, based on a '25 P/E of 23.0x, a discount... More
