Analysts Rally Behind Coca-Cola: Foresee Strong Growth and Resilience Amid Economic Challenges
Portfolio Pulse from Shivani Kumaresan
Analysts are optimistic about Coca-Cola's (NYSE:KO) performance, citing strong Q2 FY24 sales growth of 3% YoY to $12.4 billion, surpassing estimates. BofA Securities, RBC Capital Markets, and Truist Securities have reiterated their positive ratings and raised price targets, highlighting KO's resilience amid economic challenges.
July 24, 2024 | 6:27 pm
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Coca-Cola (NYSE:KO) reported strong Q2 FY24 sales growth of 3% YoY to $12.4 billion, beating estimates. Analysts from BofA, RBC, and Truist have reiterated positive ratings and raised price targets, citing KO's resilience and strong fundamentals.
Coca-Cola's strong Q2 FY24 performance, surpassing sales estimates, has led analysts to reiterate positive ratings and raise price targets. This indicates strong investor confidence and potential for short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100