Erste Group Upgrades Coca-Cola (KO) to Buy

Erste Group analyst Hans Engel upgraded Coca-Cola (NYSE: KO) from Hold to Buy.

The analyst comments "The Group's profitability is higher than that of its competitors, both in terms of operating margin and ROE. The company expects organic sales growth of +5 to +6% (Y/Y). Revenue growth this year will also be supported by new products (probiotic lemonades). According to the Group, earnings growth is expected to be around +6% to +8% (Y/Y). The expected growth rates for revenue and profit are higher than those of the global sector index."

For an analyst ratings summary and ratings history on Coca-Cola click here. For more ratings news on Coca-Cola click here.

Shares of Coca-Cola closed at $71.49 yesterday.

You May Also Be Interested In

• Barclays Upgrades 1&1 AG (1U1:GR) to Overweight
• Morgan Stanley Upgrades Qualcomm (QCOM) to Equalweight
• Jefferies Downgrades Partners Group Private Equity (PEY:LN) to Underperform