Coca-Cola price target lowered to $69 from $73 at Barclays

Barclays lowered the firm’s price target on Coca-Cola to $69 from $73 and keeps an Overweight rating on the shares. Within staples, the analyst continues to favor names that have greater visibility to volume growth and those that present more of a relative valuation opportunity. Heading into the Q2 reports, investors are “hard pivoting” away from rewarding margin-driven beats and placing greater emphasis on sales, and specifically volume and performance as pricing moves past its peak, the analyst tells investors in a research note. Barclays is “sticking with names with better volume visibility near term or more idiosyncratic growth stories, for the moment.”