Bernstein raised the firm’s price target on Coca-Cola to $69 from $68 and keeps an Outperform rating on the shares. The firm notes Coca-Cola reported its Q1 results, with a solid – albeit noisy – set of numbers. While the stock is well-loved, it’s also hard to ignore that the stock has struggled to work, Bernstein says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KO:
- Unusually active option classes on open April 30th
- KO Earnings: Coca-Cola’s Q1 Results Surpass Expectations
- Options Volatility and Implied Earnings Moves Today, April 30, 2024
- Coca-Cola sees 8%-9% currency headwind to Q2 adjusted EPS growth
- Coca-Cola sees FY24 organic revenue growth 8%-9%, consensus $42.83B
