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.
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