Barclays Maintains Overweight on Coca-Cola, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Overweight rating on Coca-Cola (NYSE:KO) but has lowered the price target from $70 to $59.
October 12, 2023 | 6:59 pm
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NEUTRAL IMPACT
Barclays has maintained an Overweight rating on Coca-Cola but lowered the price target from $70 to $59.
While the Overweight rating indicates that Barclays expects Coca-Cola to outperform the market, the lowering of the price target could potentially indicate a reduced growth outlook. This could have a neutral impact on the stock in the short term as the positive and negative signals balance each other out.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100