Gabelli Has Buy on Coca Cola

Gabelli & Co. is out with a research report on Coca Cola KO and it has a Buy rating on shares. In a note to clients, Gabelli & Co. writes, "Global volumes increased 5% (+4% organic) in the 3Q, led once again by emerging markets. KO expects the global economy to remain volatile but is optimistic on Europe in 2012, considering the lift it expects from European championship and Olympics." Shares of KO closed at $66.74 yesterday.