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Coca-Cola: Credit Suisse upgrades to 'outperform'

(CercleFinance.com) - Credit Suisse upgraded the Coca-Cola stock to "outperform" on Thursday, setting a target price of 64 dollars, citing the benefits of the beverage maker's "structural changes.

With these structural changes complete, operational leverage is expected to improve as topline accelerates, the broker wrote in a research note.

Credit Suisse said it expects revenues to grow at the high-end of the group's 4% to 6% target range for several years, driving margin expansion and therefore earnings and cash flow ahead of consensus.

The Coca-Cola share is currently up 1.3% at 55.1 dollars.

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