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Dow dog Coca-Cola to rebound by 19%, says Deutsche Bank

A man delivers beverages from a Coca-Cola truck in New York City.
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A man delivers beverages from a Coca-Cola truck in New York City.

The time to buy Coca-Cola shares is now while the stock is weighed down by concerns about slowing growth in emerging markets, said a Deutsche Bank analyst, who sees the stock eventually rallying 19 percent in the next 12 months.

"While there are justified growth concerns related to the fallen BRICs [Brazil, Russia, India and China], especially China (but modestly offset by Indian strength), we continue to believe Coke is building a much better mouse trap more closely aligned with the realities of consumption drivers in the different markets where it competes, even if it isn't readily apparent in recently reported results," said Deutsche Bank's Bill Schmitz in a Wednesday note to clients.