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Coca-Cola’s Estimates Cut at JP Morgan on European Weakness (KO)

By Dividend.com,  June 07, 2012, 09:03:37 AM EDT

Beverage superpower The Coca-Cola Company ( KO ) on Thursday caught some tepid commentary from analysts at JP Morgan.

The firm said it lowered its earnings estimates for KO through 2013, citing slower growth in the troubled Euro region. JP Morgan maintained its "Neutral" rating on KO as well as its $76 price target, which suggests a small upside to the stock's Wednesday closing price of $74.61.

Coca-Cola shares rose 47 cents, or +0.6%, in premarket trading Thursday.

The Bottom Line
Shares of Coca-Cola ( KO ) have a 2.73% dividend yield, based on last night's closing stock price of $74.61. The stock has technical support in the $70-$71 price area. If the shares can firm up, we see overhead resistance around the $76-$77 price levels.

The Coca-Cola Company ( KO ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: KO



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