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KO

Coca-Cola

$41.56

-0.15 (-0.36%)

07:30
05/17/18
05/17
07:30
05/17/18
07:30

Coca-Cola pullback brings 'compelling' valuation, says Citi

The 9% year-to-date decline in shares of Coca-Cola creates a "compelling" valuation, Citi analyst Wendy Nicholson tells investors in a research note after traveling with the company's investor relations team. The analyst attributes the weakness partly to the overall selloff of consumer staples stocks, but also partly to investor concerns about a handful of factor, including Coca-Cola's ability to achieve its financial targets both in 2018 and over the longer-term. Nicholson says her confidence in the company is up and that the share slump is not justified. She reiterates a Buy rating on Coca-Cola.

KO Coca-Cola
$41.56

-0.15 (-0.36%)

04/17/18
GSCO
04/17/18
DOWNGRADE
Target $110
GSCO
Sell
PepsiCo downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Judy Hong downgraded PepsiCo (PEP) to Sell and lowered her price target for the shares to $110 from $118. The potential for continued softer North American Beverage volumes could weigh on the company's organic sales growth, Hong tells investors in a research note. She believes PepsiCo's organic growth underperformance relative to Coca-Cola (KO) could widen. Further, Coca-Cola's current price-to-earnings premium versus PepsiCo of 10% could widen to 15%, the analyst contends.
04/17/18
GSCO
04/17/18
UPGRADE
Target $46
GSCO
Neutral
Coca-Cola upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Judy Hong upgraded Coca-Cola (KO) to Neutral while reducing her price target for the shares to $46 from $47. The analyst coupled the upgrade with a downgrade of PepsiCo (PEP) to Sell. For Coca-Cola, the analyst sees an improving organic sales growth outlook, "cleaner base" post-refranchising, and better visibility on its margin and earnings targets. She calls the company "one of the rare" over 4% organic growth mega-cap stories in Americas Beverages.
04/17/18
04/17/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Hold from Sell at Pivotal Research with analyst Brian Wieser saying the company "has a lot of positive elements" heading into the back half of the year, including a strong film slate, the launch of new direct to consumer over-the-top services, and efforts in support of the close of the Fox (FOXA) transaction. 2. Coca-Cola (KO) upgraded to Neutral from Sell at Goldman Sachs with analyst Judy Hong saying she sees an improving organic sales growth outlook, "cleaner base" post-refranchising, and better visibility on its margin and earnings targets. 3. Merck (MRK) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying the Keytruda+chemo combination showed better than expected results in lung cancer, boosting the company's immuno-oncology lead against Bristol-Myers (BMY). 4. Newell Brands (NWL) upgraded to Outperform from Market Perform at Wells Fargo with analyst Bonnie Herzog saying the stock's setup is good looking forward, with greater potential upside than downside risk over the next 12 months. 5. Twitter (TWTR) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Brian Nowak citing recent advertiser conversations that have continued to be incrementally positive about Twitter's ad business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/17/18
LEHM
05/17/18
UPGRADE
Target $48
LEHM
Overweight
Coca-Cola upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Lauren Lieberman upgraded Coca-Cola to Overweight and raised her price target for the shares to $48 from $45. The company's transformation should drive "sustainably better growth," which should yield a higher valuation premium, Lieberman tells investors in a research note. The analyst believes Coca-Cola's "wide-ranging changes" will bring benefits to fundamentals.

TODAY'S FREE FLY STORIES

USO

United States Oil Fund

$14.29

-0.225 (-1.55%)

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AZN

AstraZeneca

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XOP

SPDR Oil Exploration and Production Fund

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-0.53 (-1.24%)

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$22.23

-0.25 (-1.11%)

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BKE

The Buckle

$25.75

0.65 (2.59%)

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Earnings
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UGAZ

VelocityShares 3x Long Natural Gas ETN

$68.48

0.96 (1.42%)

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FQVLF

First Quantum Minerals

$0.00

(0.00%)

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06:55
Downgrade
First Quantum Minerals rating change  »

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06:55
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General news
FX Action: USD-CAD clawed out an 11-day high »

FX Action: USD-CAD clawed…

EWZ

MSCI Brazil Index

$38.16

-0.52 (-1.34%)

06:54
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EFA

iShares MSCI EAFE Index Fund

$70.66

-0.26 (-0.37%)

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FL

Foot Locker

$46.38

1.35 (3.00%)

06:53
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Hot Stocks
Foot Locker provides store base update »

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  • 25

    May

JNK

SPDR Barclays High Yield Bond

$35.75

(0.00%)

06:53
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Technical Analysis
SPDR Barclays High Yield Bond: Pivot points »

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SJB

ProShares Short High Yield

$23.18

(0.00%)

06:53
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HYG

iShares iBoxx $ High Yield Corporate Bond

$85.68

0.04 (0.05%)

06:52
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LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.06

0.335 (0.29%)

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FL

Foot Locker

$46.38

1.35 (3.00%)

06:51
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Hot Stocks
Breaking Hot Stocks news story on Foot Locker »

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  • 25

    May

DIS

Disney

$102.10

-0.8 (-0.78%)

06:51
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Periodicals
ESPN's political expression strained relationship with Disney, WSJ reports »

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TLT

iShares 20+ Year Treasury Bond Fund

$118.87

0.93 (0.79%)

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FL

Foot Locker

$46.38

1.35 (3.00%)

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Foot Locker backs FY18 SSS guidance of positive growth »

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  • 25

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SLV

iShares Silver Trust

$15.69

0.19 (1.23%)

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LH

LabCorp

$175.31

-0.27 (-0.15%)

, DGX

Quest Diagnostics

$100.89

-0.34 (-0.34%)

06:51
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Recommendations
LabCorp, Quest Diagnostics, UnitedHealth, Aetna analyst commentary  »

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LH

LabCorp

$175.31

-0.27 (-0.15%)

DGX

Quest Diagnostics

$100.89

-0.34 (-0.34%)

UNH

UnitedHealth

$242.73

-1.48 (-0.61%)

AET

Aetna

$177.05

-0.31 (-0.17%)

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  • 30

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  • 12

    Jun

USLV

VelocityShares 3x Long Silver ETN

$10.26

0.38 (3.85%)

06:50
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IYR

DJ US Real Estate Index Fund

$76.81

-0.21 (-0.27%)

06:50
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Technical Analysis
DJ US Real Estate Index Fund: Pivot points »

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FL

Foot Locker

$46.38

1.35 (3.00%)

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  • 25

    May

IBB

iShares Nasdaq Biotechnology Index

$107.25

-0.06 (-0.06%)

06:49
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