The Coca-Cola Company Announces Continued Progress with North American Refranchising Initiative

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Jefferies Cuts Price Target on Coca Cola (KO) Following 2Q and Guidance Revisions

July 28, 2016 8:44 AM EDT

Jefferies reiterated a Hold rating on Coca-Cola (NYSE: KO), and cut the price target to $45.00 (from $46.00), following the company's 2Q earnings report. KO reported an EPS of $0.60, coming in ahead of the Street estimates of $0.58. However, downward revisions to the topline and EPS guide... More