Coca-Cola price target raised to $82 from $78 at Evercore ISI

Evercore ISI raised the firm’s price target on Coca-Cola (KO) to $82 from $78 and keeps an Outperform rating on the shares after delivering a “strong” Q3 beat despite fears of weak results following “tepid” management commentary in early September and broad-based macro pressures. Evercore ISI cited “superior relative performance” and apparent higher probability that Coca-Cola might prevail in its tax case with the IRS as catalysts for the price target bump. However, the firm said the Street and investors likely estimated a more significant foreign exchange tailwind in 2026 than “slight,” which could weigh on estimates, Evercore ISI told investors in a research note.