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Coca-Cola’s Price Target Raised at Bank of America/Merrill Lynch (KO)

Beverage superpower The Coca-Cola Company ( KO ) on Monday saw its price target boosted by analysts at Bank of America/Merrill Lynch.

The firm said it raised its price target for KO from $66 to $72, which implies a 12% upside to the stock's Friday closing price of $64.11.

The analyst noted it sees positive momentum in North American beverage pricing trends, and maintained its "Buy" rating.

Coca-Cola shares fell 42 cents, or -0.7%, 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 2.75% dividend yield, based on Friday's closing stock price of $49.28.

The Coca-Cola Company ( KO ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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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