Jefferies analyst Kaumil Gajrawala maintained a Buy rating on Coca-Cola (KO – Research Report) yesterday and set a price target of $83.00.
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Kaumil Gajrawala has given his Buy rating due to a combination of factors that indicate a positive outlook for Coca-Cola. The company’s business is currently robust and showing momentum, with expectations for 2025 to perform at or above the high-end of projections. This optimism is supported by favorable pricing and strategic refranchising efforts, which have led to an increase in gross margins despite challenges such as unfavorable foreign exchange rates and rising commodity costs.
Additionally, Coca-Cola’s strategic decisions, such as the reassessment of non-financial incentive goals and the introduction of age-based nomination restrictions for directors, reflect a proactive approach to governance and performance measurement. Although there are ongoing concerns like the potential tax and interest liabilities, the company’s actions, including filing an appellate brief, demonstrate a commitment to addressing these issues. Overall, these factors contribute to the positive rating, suggesting that Coca-Cola’s stock is a promising investment opportunity.
In another report released on May 20, Evercore ISI also maintained a Buy rating on the stock with a $80.00 price target.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KO in relation to earlier this year.