Street View: Coca-Cola poised for strong revenue, profit growth compared to peers

Reuters

Street View: Coca-Cola poised for strong revenue, profit growth compared to peers

2024 7월 24, 오후 2:03 GMT

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** Coca-Cola KO.N raised its annual sales and profit forecasts on Tuesday, betting on benefits from price hikes and an advertising blitz, mainly in international markets

** Shares trading marginally up at $64.96 on Wednesday

COCA-COLA'S INFLATED BEAT PUTS IT AHEAD OF PEPSICO

** Bernstein ("outperform", PT: $69) says Coca-Cola had a blowout beat in the second quarter and is well ahead of PepsiCo PEP.O and at the high end of its own long-term targets

** Evercore ISI ("outperform", PT: $72) notes that entry into promising categories and improved innovation process help KO to drive growth

** Wells Fargo ("overweight", PT: $73) says only a few among KO's peers can match its pricing power, volume delivery and margin development in the current environment

** RBC Capital Markets ("outperform", PT: $68) says KO has the flexibility to deliver against its targets for the year and see the guidance is achievable

** J.P.Morgan ("overweight", PT: $72) expects some of the headwinds to abate as quick service restaurants' value meal combos could be showing early signs of improvement and due to a strong sports programming calendar

Reporting by Ananya Mariam Rajesh in Bengaluru

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Street View: Coca-Cola poised for strong revenue, profit growth compared to peers

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