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Fly News Breaks for May 14, 2019
KO
May 14, 2019 | 08:16 EDT
Argus analyst Chris Graja kept his Hold rating on Coca-Cola, but says that he is looking for a "favorable entry point" on the stock and would "strongly consider" an upgrade to his rating at a price of $40-$42 per share. The analyst sees the company as "reasonably valued" based on his projected 8% earnings growth rate as well as his view of Coca-Cola's financial strength and ability to deploy cash.
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