Barclays lowered the firm’s price target on Coca-Cola (KO) to $73 from $74 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the consumer staples group. The consumer “malaise” was present well ahead of “Liberation Day,” and Barclays doubts the 90-day “period of limbo will breathe new life into these categories,” the analyst tells investors in a research note. The firm says that while tariff-related cost headwinds may have subsided, there remains a heightened period of uncertainty for consumer staples.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KO:
- Dow Jones Index Today: Stocks Drop as Tariff Uncertainty Continues
- 4 Dividend Stocks that Could Be Your Life Jacket In This Manic Market
- Coca Cola put volume heavy and directionally bearish
- Spruce Point Capital releases report, strong sell opinion on Monster Beverage
- Take a SHOT at a Million Bucks with Safety Shot