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