HSBC Maintains Buy on Coca-Cola, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Carlos Laboy maintains a Buy rating on Coca-Cola (NYSE:KO) but lowers the price target from $77 to $74.
June 07, 2023 | 9:26 am
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NEUTRAL IMPACT
HSBC maintains Buy rating on Coca-Cola, but lowers price target from $77 to $74.
HSBC's lowered price target on Coca-Cola may cause some short-term uncertainty among investors, but the maintained Buy rating indicates that the analyst still believes in the company's potential for growth. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100