Morgan Stanley Sees The Coca-Cola Company's 2014 Consensus EPS As Still Too High
In a report published Monday, Morgan Stanley analyst Dara Mohsenian reiterated an Equal-Weight rating on The Coca-Cola Company (NYSE: KO).
In the report, Morgan Stanley noted, “Coke's relative valuation has become more compelling here and we will closely watch if higher marketing drives a volume rebound, particularly given the market is very skeptical, but our 2014 profit build analysis highlights one of the key issues leaving us at Equal-Weight, which is 2014 consensus EPS still looks significantly too high.”
The Coca-Cola Company closed on Friday at $38.20.
Latest Ratings for KO
|Jan 2015||Morgan Stanley||Upgrades||Equalweight||Overweight|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.