KO – KO Stock: $59 Target From Jefferies

  • The shares of Coca-Cola Co (NYSE: KO) have received a price target of $59 from Jefferies. These are the details.

The shares of Coca-Cola Co (NYSE: KO) have received a price target increase from $57 to $59 by Jefferies. And Jefferies analyst Kevin Grundy is maintaining a “Hold” rating on the company shares.

Grundy raised his estimates on the company shares ahead of the second-quarter earnings.

This report is widely expected to detail a strong quarter with a likely upward revision to the company’s full-year 2021 guidance given read-throughs from Pepsi’s recent report along with trends in on-premise and foodservice in developing markets being stronger than expected.

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