TD Cowen Raises Coca-Cola (KO) Price Target to $80, Reaffirms Buy Rating

Core Viewpoint - The Coca-Cola Company (NYSE:KO) has demonstrated strong performance in the third quarter, leading to an increased price target and reaffirmation of a Buy rating by TD Cowen, highlighting the company's resilience in challenging economic conditions [2][4]. Group 1: Financial Performance - TD Cowen raised its price target for Coca-Cola from $75 to $80, citing better-than-expected organic sales and earnings per share [2]. - Coca-Cola's unit case volume rose by 1% during the quarter, exceeding market expectations of 0.3% [3]. - The company reaffirmed its full-year organic revenue growth target of 5% to 6% [3]. Group 2: Business Model and Dividend - TD Cowen praised Coca-Cola's "all-weather" business model, emphasizing its ability to navigate regional challenges and maintain stability across markets [4]. - Coca-Cola has raised its dividend for 63 consecutive years, with a current dividend yield of 2.91% as of October 27 [4].