Coca-Cola price target raised to $73 from $70 at Wells Fargo

Wells Fargo raised the firm’s price target on Coca-Cola to $73 from $70 and keeps an Overweight rating on the shares. Coca-Cola “looks in KOntrol,” with pricing power, volume growth, margin tailwinds, despite FX, the firm says. Below-the-line is a watch-out into 2025 but fundamental momentum and an ever-cleaner balance sheet make this manageable, Wells adds.