Analysts Rally Behind Coca-Cola: Foresee Strong Growth and Resilience Amid Economic Challenges
Coca-Cola reported Q2 FY24 sales growth of 3% year-on-year to $12.4 billion, surpassing the $11.753 billion analyst estimate. Analysts praised the company's ability to navigate macroeconomic challenges. BofA Securities reiterated a Buy rating with a $70 price target, while RBC Capital Markets raised its price target to $68, highlighting strong global case volumes and high-quality earnings.