Morgan Stanley hikes Coca-Cola price target, says market is underestimating post-pandemic recovery

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A employee restocks a show of Coca-Cola Co. delicate drinks at a retailer in Orem, Utah, U.S., on Tuesday, Feb. 9, 2021.

George Frey | Bloomberg | Getty Images

Coca-Cola is poised to beat estimates this 12 months and that may create further upside for the inventory, in line with Morgan Stanley.

Analyst Dara Mohsenian reiterated his obese score on the inventory and hiked the price goal to $64 per share from $60. Mohsenian mentioned in a notice to shoppers on Thursday night that different analysts have been underestimating Coke’s recovery from the pandemic.



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Ariel Shapiro
Ariel Shapiro
Uncovering the latest of tech and business.

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