Coca-Cola price target raised to $80 from $78 at BofA

BofA analyst Peter Galbo raised the firm’s price target on Coca-Cola (KO) to $80 from $78 and keeps a Buy rating on the shares after price and mix drove Q3 upside. Resiliency that was evident in Q3 should persist, which gives Coke scarcity value as the firm expects it to continue comping mid-single-digit organic sales while large-cap peers “may struggle to keep pace,” the analyst tells investors in a post-earnings note.