BTIG Reiterates Buy On Coca-Cola Company Shares, Sees 19% Upside
In a research report sent to investors today, BTIG analyst Theo Brito reiterated a Buy rating on Coca-Cola Company (NYSE:KO) with a price target of $48, which represents a potential upside of 19% from where the stock is currently trading.
Brito noted, “Coke modeling call provided greater detail on 2015 guidance. Our cheat sheet offers color on moving parts and potential impact on F15 & beyond as company transitions into new operating model and implements actions to reduce costs, improve execution, drive growth.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Theo Brito has a total average return of 12.7% and a 75.0% success rate. Brito has a 6.8% average return when recommending KO, and is ranked #1614 out of 3413 analysts.