- The shares of Coca-Cola Co (NYSE: KO) have received a $75 price target from Truist. These are the details.
The shares of Coca-Cola Co (NYSE: KO) have received a $75 price target from Truist. And Truist analyst Bill Chappell increased the price target on Coca-Cola from $70 while maintaining a “Buy” rating on the shares.
Chappell adjusted the rating while noting that the company’s first-quarter results were strong with 18% organic growth exceeding well above expectations due to the quarter’s volume growth, pricing, and sales mix.
Plus Chappell further cited Coca-Cola as affirming its 2022 guidance despite accelerated cost pressures and the Russia/Ukraine headwinds.
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