Evercore ISI analyst Robert Ottenstein raised the firm’s price target on Coca-Cola to $70 from $68 and keeps an Outperform rating on the shares after what the firm calls an "encouraging and confident start to 2023." Commercial momentum remains strong, with share gains across key regions, and Evercore sees a "positive underlying set up" for Coke over the next one to two years as commodity inflation "presumably" rolls over and the dollar weakens, the analyst tells investors.
Published first on TheFly
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