Barclays Maintains Overweight on Coca-Cola, Lowers Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Overweight rating on Coca-Cola (NYSE:KO) but lowered the price target from $73 to $69.
July 20, 2023 | 11:33 am
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NEUTRAL IMPACT
Coca-Cola's price target has been lowered by Barclays from $73 to $69, though the Overweight rating is maintained.
The news is directly about Coca-Cola and is likely to influence investor sentiment. The lowering of the price target might suggest a potential downside, but the maintained Overweight rating indicates that Barclays still sees the stock as a good investment. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100