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The Coca-Cola Company Message Board

  • buznizz buznizz Apr 27, 1999 6:20 AM Flag

    KO gonna Knock Out da competition!

    Thought you all would like reading this
    article...sorry if it's old news for some of you.
    As printed
    in: Research

    The Coca-Cola Company (KO: NYSE)
    April 26, 1999

    We are initiating coverage of
    Coca-Cola Company with a Strong Buy recommendation. Our
    12-18 month price target is $84. As the world economy
    improves and globalization is revived, the company should
    be able to re-establish earnings per share growth.
    At the current stock price, the shares offer a very
    attractive opportunity for conservative investors with a
    12-18 month investment horizon. In the company�s last
    earnings report, volume declines were seen in Germany,
    Japan and Brazil. Together, these regions represent
    about 25% of the company�s total profits. Over the near
    term, we expect difficult conditions in markets such as
    Brazil and Russia with a rebound in growth seen
    beginning in the second half. We expect to see better
    conditions in Japan, Germany, Asia, South America and the
    United States. In closing, we are initiating coverage of
    Coca-Cola Company with a Strong Buy recommendation.

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43.30+0.84(+1.98%)Feb 27 4:01 PMEST

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