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Fly News Breaks for January 22, 2019
KO
Jan 22, 2019 | 16:26 EDT
While rolling out coverage of five names in Food and Beverage space, Guggenheim analyst Laurent Grandet says Coca-Cola (KO) remains his best idea. The analyst boosted his price target for the shares to $53 from $52 and keeps a Buy rating on the name. Coca-Cola is "innovating like never before and acquiring to fill white spaces," Grandet tells investors in a research note on the sector. He sees the company's organic sales growth accelerating to 4.4%, 4.9% and 5.0% in fiscal 2018, 2019 and 2020, respectively, as "beverage peers slow to 3%."
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