Morgan Stanley Maintains Overweight on Coca-Cola, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian maintains an Overweight rating on Coca-Cola (NYSE:KO) but lowers the price target from $78 to $76.
October 24, 2024 | 12:33 pm
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Morgan Stanley has maintained its Overweight rating on Coca-Cola but has slightly reduced the price target from $78 to $76, indicating a modestly less optimistic outlook.
The Overweight rating suggests continued confidence in Coca-Cola's performance, but the lowered price target indicates a slight reduction in expected upside. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive but with tempered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100