Coca-Cola shares discounting tax litigation risk, says JPMorgan

JPMorgan reiterates an Overweight rating on Coca-Cola after hosting investor meetings with management. The analyst thinks the stock remains attractive and that the company’s tax litigation risk is well discounted. Coca-Cola continues to see resilient consumption with Europe being its most challenging market, the analyst tells investors in a research note. The firm adds that resolution of IRS tax case could be years down the line.