After RBC Capital Mkts, UBS raised target price of Coca-Cola (KO) too, from $ 49 to $ 52 ; rating of the shares is confirmed on the level "Buy".
Currently the price is $ 46.70 and the uptrend is in force. Pierced resistance before two trading sessions turned into support and long positions look promising, with very safe monthly volatility of 1.13% and a very low Beta = 0.53.
Care should be taken if the price back into the hallway. Then may follow alternative impulse to bring down the price to levels around $ 44.00, but this scenario currently seems less likely.
G.Hristov - Head of Fundamental Analyzes
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