Jefferies Initiates Coverage On Coca-Cola with Hold Rating, Announces Price Target of $64
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kaumil Gajrawala has initiated coverage on Coca-Cola (NYSE:KO) with a Hold rating and set a price target of $64.

November 13, 2023 | 11:19 am
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NEUTRAL IMPACT
Jefferies has initiated coverage on Coca-Cola with a Hold rating and a price target of $64.
The initiation of coverage by Jefferies with a Hold rating suggests a neutral outlook on Coca-Cola's stock, indicating that the stock is expected to perform in line with the market or sector. The price target of $64 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about Coca-Cola. The importance is significant as analyst ratings can influence investor sentiment and stock price, but it is not at the highest level as the rating is neutral rather than a buy or sell. The confidence level is high due to the credibility of Jefferies as a financial analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100