Market Overview

Bank Of America Comments On Coca-Cola Amid Monster Deal

Share:
Related KO
It's Not Shopping, It's Market Research: Talking Investing Trends With TD Ameritrade's Nicole Sherrod
Watching Shares Of Pepsi And Coca-Cola Following Bearish Comments From Dallas Fed
A narrower Big Gulp ban proposed for New York (Seeking Alpha)

Bank of America published a note Friday describing its take on the deal between Coca-Cola (NYSE: KO) and Monster Beverage (NASDAQ: MNST).

The team at Bank of America said, pending closing conditions and regulatory approval, Coca-Cola should see "modest" accretion in fiscal 2015 assuming the deal closed early into the year with the ABI territories franchises in North America.

Amid the deal, Bank of America maintained a Buy rating an $45 price objective on Coca-Cola.

The team commented, "Our Buy rating is based on our view that The Coca-Cola Company should breakout of the current growth lull via a combination of self-help actions, increased marketing investments and an eventual turn in macro.cyclical factors."

To this point, the team said the deal with Monster is consistent with that view.

Latest Ratings for KO

DateFirmActionFromTo
Aug 2015BarclaysReinstatesEqual-weight
Jul 2015UBSUpgradesNeutralBuy
Jun 2015BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for KO
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color News Price Target Reiteration Analyst Ratings

 

Related Articles (KO + MNST)

View Comments and Join the Discussion!

Get Benzinga's Newsletters