UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on The Coca-Cola Company

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on The Coca-Cola Company KO, and raised its price target from $40.00 to $42.00. Deutsche Bank noted, “Making it happen. Trademark Coke and sparkling volumes remain tepid, with faster growing but lower margin still portfolio (including water), boosting total company volume and soft drink shares but also negatively impacting mix. While relative valuation is somewhat extended, fundamentals should improve as company laps currency, commodities and EM slowdown, with potential for enhanced returns from bottler divestitures. Easy money has clearly been made, but path to 10%+ total shareholder return achievable.” The Coca-Cola Company closed on Tuesday at $37.90.