Coca-Cola price target raised to $76 from $73 at RBC Capital

RBC Capital analyst Nik Modi raised the firm’s price target on Coca-Cola (KO) to $76 from $73 and keeps an Outperform rating on the shares. The company delivered another solid quarter, with strong volume and margin performance, while overcoming a difficult macro environment and brand specific headwinds, the analyst tells investors in a research note. Coca-Cola’s localized business operations make the tariff impact “manageable” which should be viewed as unique in a relative sense, RBC adds.