BofA lowered the firm’s price target on Coca-Cola to $60 from $74 and keeps a Buy rating on the shares. The firm is adjusting price objectives for several names in U.S. Consumer Staples to reflect rates and revised estimates. In the firm’s view, Q3 earnings season has “limited surprise potential” compared to the first half, with positive revision potential seen being highest for Household Product Personal Care, Beverages “more modest,” and Packaged Food “more of a mixed bag given volume weakness,” the analyst tells investors in a preview note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on KO:
- Coca-Cola (NYSE:KO) to Debut Sprite and Absolut Vodka Pre-Mixed Cocktail
- Coca-Cola, Pernod Ricard to debut Absolut Vodka & Sprite ready-to-go cocktail
- Coca-Cola price target lowered to $59 from $71 at JPMorgan
- PepsiCo Stock (NASDAQ:PEP): Can It Retain Its Fizz after Upbeat Q3 Results?
- Coca-Cola price target lowered to $59 from $70 at Barclays
Questions or Comments about the article? Write to editor@tipranks.com