Market Overview

Credit Suisse Modestly Raises Estimates On The Coca-Cola Company To Account For Monster Beverages Transaction

Related KO
Pete Najarian Sees Unusual Options Activity In Coca-Cola
Nomura Raises Price Target On Coca-Cola
Making Money With Charles Payne: 10/22/14 (Fox Business)

In a report published Monday, Credit Suisse analyst Michael Steib reiterated an Outperform rating and $46.00 price target on The Coca-Cola Company (NYSE: KO).

In the report, Credit Suisse noted, “We view KO's strategic partnership with MNST as a smart move due to the portfolio realignment and increased exposure to a fast growing category. While the impact in the medium term is modest relative to the size of the company, the deal is a net positive for KO, as was the transaction with GMCR. We are modestly increasing our FY15 and FY16 estimates by two cents, to $2.22 and $2.35 respectively, to reflect the net benefits of the transaction.

The Coca-Cola Company closed on Friday at $40.88.

Latest Ratings for KO

DateFirmActionFromTo
Oct 2014SocGenDowngradesHoldSell
Oct 2014Bank of AmericaBuy
Sep 2014Cowen & CompanyInitiates Coverage onMarket Perform

View More Analyst Ratings for KO
View the Latest Analyst Ratings

Posted-In: Credit Suisse Michael SteibAnalyst Color Reiteration Analyst Ratings

 

Related Articles (KO)

Around the Web, We're Loving...

Get Benzinga's Newsletters