Beverage superpower The Coca-Cola Company ( KO ) on Thursday saw its price target raised by analysts at Citigroup.
The firm maintained its "Buy" rating on KO and lifted its price target from $74 to $76. That new target suggests a nearly 10% upside to the stock's Wednesday closing price of $69.28.
Coca-Cola shares, which have risen more than 5% year-to-date, fell $1.74, or -2.5%, in premarket trading Thursday.
The Bottom Line
Shares of Coca-Cola ( KO ) have a 2.71% dividend yield, based on last night's closing stock price of $69.28. The stock has technical support in the $64-$66 price area. If the shares can firm up, we see overhead resistance around the $71-$72 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.
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