Coca-Cola: Jefferies upgrades stock

(CercleFinance.com) - Jefferies upgrades Coca-Cola shares from 'hold' to 'buy', with a target price raised from $69 to $75, considering that the soda giant's business is 'in great shape', with cash flow 'ready to inflect.
.. significantly'.

The recent strength of the dollar will probably lead to a negative revision in 2025 figures - but only by two cents in terms of EPS at $2.92 (+2.2% year-on-year), the broker says, for which this seems to be taken into account at a valuation multiple of 21.5x.

Jefferies expects Coca-Cola's next quarterly release to attract a wave of investors looking for quality at a fair price. The fundamentals militate in favor of a higher multiple, it adds.


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