Coca-Cola upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank upgraded Coca-Cola (KO) to Buy from Hold with a price target of $70, up from $68. The firm is becoming more positive on non-alcoholic beverage names. Coca-Cola’s underlying business momentum remains “exceptionally strong,” with the company posting positive volume growth in each of the last three years despite double-digit average pricing, the analyst tells investors in a research note. The firm says the company’s market shares continue to trend positively.