Wall Street Strategies Reiterates Buy On Coca-Cola

Wall Street Strategies is out with a research report on Coca-Cola (NYSE: KO) after the company reported earnings this morning. It is reiterating its Buy rating and $74 price target on shares.

In the note, WSS writes, "The Company reported that revenues increased 46.7% to $12.73 billion from $8.67 billion as double digit growth across each segment (save for Bottling Investment, +5.4%) propelled growth. North America revenues increased 141.4% year over year as a result of the purchase of the North American operations from Coca-Cola Enterprises (CCE). Excluding the bottling operations, volumes would have been flat during the quarter, slightly worse than we were expecting. Total volumes increased 6% year over year (breakdown in Conclusion). The Street had modeled for revenue of $12.39 billion while we forecasted revenue of $12.44 billion."

Shares of KO are up $2.39 to $69.54, a gain of 3.64%.