Coca-Cola Takes Center Stage at Morgan Stanley
Morgan Stanley has announced a shift in its top beverage sector pick, now favoring Coca-Cola over Pepsi. This change comes with an increased price target for Coca-Cola Co shares, raised from $70 to $78, suggesting a potential upside of around 10% from current levels.
Why Coca-Cola?
Morgan Stanley's analysts see Coca-Cola as a standout performer in a sector facing challenges. They highlight Coca-Cola's strong fundamentals and favorable disconnection from its peers, who are struggling with slowing organic sales growth (OSG). Coca-Cola is viewed as a
