Jefferies initiated coverage of Coca-Cola with a Hold rating and $64 price target. The analyst says that while Coke has momentum and underlying fundamentals are strong, the stock’s current valuation provides limited upside as the looming tax settlement “may put a lid on shares.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on KO:
- Rising High: Exclusive talk with coca leaf company Harbour Coca
- Coca-Cola ‘disagrees with the actions of the IRS’
- Coca-Cola (NYSE:KO): A Dividend Aristocrat Stock to Quench Investors’ Thirst
- Coca-Cola price target lowered to $65 from $75 at Truist
- Coca-Cola price target lowered to $67 from $73 at Argus