Coca-Cola price target raised to $66 from $64 at JPMorgan

JPMorgan analyst Andrea Teixeira raised the firm’s price target on Coca-Cola to $66 from $64 and keeps an Overweight rating on the shares. The company reported another strong quarter with better than expected sales performance and strong gross margin, the analyst tells investors in a research note. Most importantly, the 2024 outlook was better than anticipated, says the firm.