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Bank of America Eyes Coke as Buy | Durham News
Bank of America is rallying behind Coca-Cola, upgrading its rating to Buy and raising its price target to $95 — a potential 15% upside — ahead of earnings, betting on the company’s resilient business and legendary 63-year dividend streak. Despite global consumer headwinds and weaker U.S. spending signals from rivals like PepsiCo, Coca-Cola’s steady gross margins and regional growth imbalances point to hidden strength. With a solid cash flow and dividend growth track record, even if its current yield lags peers, Bank of America sees compelling value — though risks like economic volatility and…
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