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Coca-Cola’s Price Target Boosted at Citigroup (KO)

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.

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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