Bank of America Securities analyst Peter Galbo has reiterated their bullish stance on KO stock, giving a Buy rating on August 6.
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Peter Galbo has given his Buy rating due to a combination of factors including Coca-Cola’s robust performance metrics and strategic insights from the company’s recent quarterly results. The analysis highlights the strong historical correlation between Coca-Cola’s Unit Case Volumes (UCVs) and the performance of its bottlers, particularly in regions like Latin America and EMEA, which suggests a reliable measure of consumption levels.
Despite some regional challenges, such as macroeconomic headwinds in Mexico, Coca-Cola’s overall performance remains solid, with strong contributions from areas like Central Asia. The price objective of $78 is based on a valuation of 24 times the expected earnings per share for 2026, indicating confidence in the company’s future growth prospects. These factors collectively support the Buy rating, reflecting a positive outlook on Coca-Cola’s stock performance.
In another report released on August 6, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $78.00 price target.