Coca-Cola price target raised to $82 from $78 at TD Cowen

TD Cowen raised the firm’s price target on Coca-Cola (KO) to $82 from $78 and keeps a Buy rating on the shares. The firm said strong 1Q results reinforce our view of Coca-Cola as a best-in-class CPG company. Through strong local market execution and superior RGM capabilities, the company should be able to weather macro uncertainty better than peers.