Beverage giant Coca-Cola’s stock recently hit a one-year high. So where is the stock headed to from here? Beverage analysts Marc Greenberg at Deutsche Bank and Lauren Torres of HSBC Securities shared their views.
“Your underlying growth rate outside the U.S. has been better than expected all year,” Greenberg told CNBC. “From here, they can continue that and you have the overlay of good currency and stable pricing lower inputs, margins get better.”
Greenberg has a “buy” rating on Coke and has a $62 price target. He said Coke’s international volume story remains robust.