Coca-Cola price target raised to $90 from $85 at TD Cowen

TD Cowen raised the firm’s price target on Coca-Cola (KO) to $90 from $85 and keeps a Buy rating on the shares. The frm noted they delivered strong 1Q results and raised EPS for a lower tax rate.Coca-Cola remains a top pick owing to its strong pricing power, consistent volume growth, and resilience of its business model to volatile economic, political, and commodity input conditions.