Jefferies Upgrades Coca-Cola (KO) to Buy

Jefferies analyst Kaumil Gajrawala upgraded Coca-Cola (NYSE: KO) from Hold to Buy with a price target of $75.00 (from $69.00).

The analyst comments "The business is in great shape. Volumes are compounding, pricing has been earned, and cash flow is about to inflect... meaningfully. The recent strength in the dollar likely revises 2025 numbers lower, but we think only 2c on EPS to $2.92 (+2.2% y/y) and see this as priced in at 21.5x. Expect Q4 to be a clearing event, bringing in a wave of investors looking for quality at a fair price. Fundamentals support a higher multiple. Upgrade to Buy, $75 PT."

For an analyst ratings summary and ratings history on Coca-Cola click here. For more ratings news on Coca-Cola click here.

Shares of Coca-Cola closed at $62.83 yesterday.

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