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Analysts’ Actions: Soda Giant Gets Upgrade and Price Target Hike

July 10, 2023
in Trade Tube
Reading Time: 1 min read
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In Monday’s Analysts’ Actions, TheStreet highlights upgrades for soda company Coca Cola (KO), VeriFone Systems (PAY), and Citigroup (C). Analysts at BMO Capital upgraded Coca Cola to OUTPERFORM from MARKET PERFORM. The firm also raised its price target on shares of Coca Cola and expects earnings growth to approach the soda maker’s long-term targets in 2016. VeriFone Systems had its rating raised to OUTPERFORM from MARKET PERFORM at Raymond James ahead of the payment solutions company’s earnings report expected this week. TheStreet’s Jim Cramer said on his Mad Money show that he’s keeping an eye on Verifone’s earnings. Citigroup was also upgraded to BUY from NEUTRAL at Goldman Sachs. Analysts cited an attractive risk/reward at current valuation levels. TheStreet’s Kurumi Fukushima reports in New York.

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