JP Morgan Maintains Overweight on Coca-Cola, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Coca-Cola (NYSE:KO) but lowered the price target from $71 to $59.
October 16, 2023 | 2:43 pm
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JP Morgan has maintained an Overweight rating on Coca-Cola but lowered the price target from $71 to $59.
The news is directly related to Coca-Cola. While the Overweight rating suggests that JP Morgan expects the stock to outperform, the lowering of the price target may indicate a tempered expectation of the stock's future performance. This could potentially have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100