RBC Capital Reiterates Outperform Rating on Coca-Cola (KO)

RBC Capital analyst Nik Modi reiterated an Outperform rating and $76.00 price target on Coca-Cola (NYSE: KO).

The analyst commented: "Overall, we expect a solid quarter, with strong organic growth both domestically and internationally (led by Lat AM & EMEA) and would expect KO to deliver vs the consensus bar. Organic fundamentals remain solid globally despite the difficult macro environment and we believe KO is well positioned to manage through the global volatility with the proper levers (pricing, RGM, cost savings, etc.) to deliver targets for the year. We believe KO will also benefit from more favorable FX trends which should help mitigate incremental tariff headwinds."

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 $69.85 yesterday.

You May Also Be Interested In