Citi analyst Filippo Falorni raised the firm’s price target on Coca-Cola to $74 from $71 and keeps a Buy rating on the shares. The company reported a "solid" set of Q1 results but "prudently" maintained its guidance given an uncertain macro environment and a softer start to Q2 in early April, the analyst tells investors in a research note. Coca-Cola’s fundamentals remain solid, with strong pricing power and solid trends in emerging markets, Citi added.
Published first on TheFly
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