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In a report published Tuesday, Tigress Financial Partners analyst Ivan Feinseth upgraded the rating on
The Coca-Cola CompanyKO from Neutral to Buy.
In the report, Tigress Financial Partners noted, “We are upgrading our rating of KO from Neutral to Buy. We believe KO is undergoing a multi-year transition that will drive an acceleration in economic profit. A difficult macro environment has led to disappointing growth versus expectations; however, management recently outlined their strategic vision and we believe it to be both realistic and attainable, making us optimistic about KO's ability to drive top-line and economic profit growth.”
The Coca-Cola Company closed on Monday at $44.55.
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