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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

LKM

Link Motion

$0.62

-0.0478 (-7.12%)

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TSLA

Tesla

$299.61

0.56 (0.19%)

17:03
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Tesla worker says Musk called him into meeting to slam union, Bloomberg says »

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BMI

Badger Meter

$54.05

-0.1 (-0.18%)

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Badger Meter announces CEO Richard Meeusen will retire at year end »

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KEG

Key Energy

$13.46

-0.18 (-1.32%)

, BAS

Basic Energy

$9.44

0.18 (1.94%)

17:00
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Key Energy Services proposes tie-up with Basic Energy in all-stock deal »

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KEG

Key Energy

$13.46

-0.18 (-1.32%)

BAS

Basic Energy

$9.44

0.18 (1.94%)

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DAC

Danaos

$1.60

0.05 (3.23%)

16:52
09/24/18
09/24
16:52
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16:52
Earnings
Danaos reports Q2 EPS 27c, one estimate 23c »

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  • 25

    Sep

AWK

American Water

$87.80

-0.8 (-0.90%)

16:46
09/24/18
09/24
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16:46
Hot Stocks
American Water to spend $2M to upgrade water main in Missouri »

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  • 29

    Sep

COLD

Americold Realty Trust

$25.25

-0.09 (-0.36%)

16:45
09/24/18
09/24
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16:45
Hot Stocks
Breaking Hot Stocks news story on Americold Realty Trust »

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PRNB

Principia Biopharma

$27.34

0.24 (0.89%)

16:45
09/24/18
09/24
16:45
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16:45
Hot Stocks
Breaking Hot Stocks news story on Principia Biopharma »

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DCPH

Deciphera

$39.80

0.78 (2.00%)

16:42
09/24/18
09/24
16:42
09/24/18
16:42
Initiation
Deciphera initiated  »

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  • 01

    Oct

  • 27

    Nov

BJ

BJ's Wholesale

$28.47

-0.68 (-2.33%)

16:42
09/24/18
09/24
16:42
09/24/18
16:42
Syndicate
BJ's Wholesale files to sell 28M shares of common stock for holders »

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  • 28

    Oct

BPMC

Blueprint Medicines

$71.56

1.8 (2.58%)

16:41
09/24/18
09/24
16:41
09/24/18
16:41
Initiation
Blueprint Medicines initiated  »

Blueprint Medicines…

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SGEN

Seattle Genetics

$78.57

0.53 (0.68%)

16:41
09/24/18
09/24
16:41
09/24/18
16:41
Initiation
Seattle Genetics initiated  »

Seattle Genetics…

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LOXO

Loxo Oncology

$163.07

3.91 (2.46%)

16:40
09/24/18
09/24
16:40
09/24/18
16:40
Initiation
Loxo Oncology initiated  »

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  • 26

    Nov

  • 27

    Nov

INCY

Incyte

$66.48

-0.11 (-0.17%)

16:40
09/24/18
09/24
16:40
09/24/18
16:40
Initiation
Incyte initiated  »

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  • 22

    Oct

AGIO

Agios Pharmaceuticals

$75.39

1.84 (2.50%)

16:40
09/24/18
09/24
16:40
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16:40
Initiation
Agios Pharmaceuticals initiated  »

Agios Pharmaceuticals…

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SMLR

Semler Scientific

$0.00

(0.00%)

16:40
09/24/18
09/24
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16:40
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Breaking Hot Stocks news story on Semler Scientific »

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CLVS

Clovis

$32.63

0.22 (0.68%)

16:39
09/24/18
09/24
16:39
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16:39
Initiation
Clovis initiated  »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$291.09

-0.94 (-0.32%)

16:39
09/24/18
09/24
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16:39
Periodicals
Trump inks revised trade pact with South Korea, CNBC says »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$291.09

-0.94 (-0.32%)

03/08/13
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TSRO

Tesaro

$36.41

-1.27 (-3.37%)

16:39
09/24/18
09/24
16:39
09/24/18
16:39
Initiation
Tesaro initiated  »

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  • 01

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  • 02

    Oct

BGNE

BeiGene

$166.12

2.15 (1.31%)

16:38
09/24/18
09/24
16:38
09/24/18
16:38
Initiation
BeiGene initiated  »

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  • 02

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  • 27

    Nov

BW

Babcock & Wilcox

$1.03

0.005 (0.49%)

16:38
09/24/18
09/24
16:38
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16:38
Hot Stocks
Babcock & Wilcox to relocate Headquarters to Ohio »

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JAGX

Jaguar Health

$0.63

-0.022 (-3.37%)

16:37
09/24/18
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Jaguar Health, Knight Therapeutics announce strategic partnership »

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HST

Host Hotels

$20.89

-0.23 (-1.09%)

, VNO

Vornado

$73.52

-1.58 (-2.10%)

16:36
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Hot Stocks
Host Hotels sells New York Marriott Marquis Retail to Vornado for $442M »

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HST

Host Hotels

$20.89

-0.23 (-1.09%)

VNO

Vornado

$73.52

-1.58 (-2.10%)

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  • 25

    Sep

CWEN

Clearway Energy

$19.85

-0.1 (-0.50%)

16:33
09/24/18
09/24
16:33
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16:33
Syndicate
Clearway Energy announces offering of 3.92M shares of Class C common stock »

Clearway Energy …

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KIRK

Kirkland's

$9.30

-0.02 (-0.21%)

16:33
09/24/18
09/24
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Hot Stocks
Kirkland's announces new $10M share repurchase program »

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