Freedom Capital Maintains Hold on Coca-Cola (KO), Raises Price Target to $78

Core Insights - The Coca-Cola Company (NYSE:KO) is recognized as one of the 15 Best DRIP Stocks to Own Right Now [1] - Freedom Capital has raised the price target for Coca-Cola from $73.20 to $78, indicating a potential upside of approximately 14% [2] - The company reported a third-quarter comparable EPS of $0.82, reflecting a 6% year-over-year increase despite facing currency headwinds and higher expenses [4] Financial Performance - The third-quarter earnings report highlighted ongoing volume growth and value share gains across all segments for the 18th consecutive quarter [3] - Free cash flow, excluding fairlife contingent consideration, reached $8.5 billion, while net debt leverage was reported at 1.8 times EBITDA [4] Analyst Commentary - Freedom Capital analyst Georgy Vashchenko maintained a Hold rating on Coca-Cola, noting that the investment thesis remains unchanged despite the price target increase [2]