Coca-Cola: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse has increased its target price for Coca-Cola from 51 dollars to 53 dollars, maintaining its "outperform" rating on the stock, citing "strong" quarterly results.
"We remain positive on Coke shares because we think the company is just starting to embark on a multi-year "journey" of sales growth acceleration within its longer-term 4-6% guidance algorithm," it said.
Credit Suisse wrote in a report to clients that CEO James Quincey is taking an "aggressive approach" to building a "total beverage company," with growth being clearly his top priority.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We remain positive on Coke shares because we think the company is just starting to embark on a multi-year "journey" of sales growth acceleration within its longer-term 4-6% guidance algorithm," it said.
Credit Suisse wrote in a report to clients that CEO James Quincey is taking an "aggressive approach" to building a "total beverage company," with growth being clearly his top priority.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.