Coca-Cola price target raised to $70 from $65 at Truist

Truist analyst Bill Chappell raised the firm’s price target on Coca-Cola to $70 from $65 and keeps a Buy rating on the shares after its better than expected Q2 results. The company’s total company organic sales growth was driven by a 9% increase in pricing and a 6% increase in concentrate sales, the analyst tells investors in a research note.