Argus analyst Taylor Conrad lowered the firm’s price target on Coca-Cola to $67 from $73 but keeps a Buy rating on the shares and believes that the recent weakness in the stock provides a buying opportunity. The company eliminated more than 600 unproductive products in 2019 and worked to reposition the business through changes in core products, pack sizes and serving sizes, as well as through deals like the acquisition of coffee company Costa, the analyst tells investors in a research note.
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