Bank of America Securities analyst Peter Galbo reiterated a Buy rating on Coca-Cola today and set a price target of $88.00.
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Peter Galbo has given his Buy rating due to a combination of factors, including Coca-Cola’s strong positioning in a challenging macroeconomic environment and resilient global consumption trends. He highlights that, relative to peers, Coca-Cola is particularly well equipped to navigate regional volatility, supported by robust demand in key markets such as North America and steady performance in EMEA.
He also underscores that unit case volume dynamics, while mixed by region, remain broadly supportive of long‑term growth and are closely aligned with bottler performance, especially in Latin America and EMEA. Combined with an $88 price objective versus a current price below that level, this volume outlook and earnings profile suggest an attractive risk‑reward setup that justifies maintaining a Buy recommendation on the stock.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $87.00 price target.