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Coca-Cola Now a “Conviction Buy” at Goldman Sachs (KO)

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Beverage giant The Coca-Cola Company ( KO ) on Monday caught a big upgrade from analysts at Goldman Sachs.

The firm said it added KO to its "Conviction Buy" List with a $77 price target, which suggests a 15% upside to the stock's Friday closing price of $66.77.

Goldman noted that KO is an ideal stock to own in the tenuous economic environment because of its strong earnings outlook, growing market share, and a below-historical-average valuation.

Coca-Cola shares fell 66 cents, or -1%, in premarket trading Monday.

The Bottom Line

We have been recommending shares of Coca-Cola ( KO ) since July 30, 2009, when the stock was trading at $49.28. The company has a 2.82% dividend yield, based on Friday's closing stock price of $66.77.

The Coca-Cola Company ( KO ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 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 Nasdaq, Inc.

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

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