CFRA Downgrades Coca-Cola to Hold
Portfolio Pulse from Benzinga Newsdesk
CFRA analyst Garrett Nelson has downgraded Coca-Cola (NYSE:KO) from Buy to Hold, indicating a more cautious outlook on the stock.
September 05, 2024 | 5:57 pm
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CFRA analyst Garrett Nelson downgraded Coca-Cola from Buy to Hold, suggesting a more cautious outlook on the stock.
The downgrade from Buy to Hold by a reputable analyst like Garrett Nelson at CFRA suggests a less optimistic view on Coca-Cola's short-term performance. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100