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.
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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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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.
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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.
Copyright (c) 2020 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.