Text size Justin Sullivan / Getty Images Coca-Cola shares are rising early Wednesday morning, a day after launching better-than-expected earnings. The reason: An update from Morgan Stanley, which argues that stocks have become too cheap. Analyst Dara Mohsenian raised its rating on Coca-Cola (ticker: KO) shares to Equal Weight’s Overweight, …
Read More »Coca-Cola shares rise, after earnings exceed expectations, while revenue falls somewhat shy
Shares of Coca-Cola Inc. KO, -1.49% It rose 1.8% in premarket trading on Tuesday, after the beverage and snack giant reported a second-quarter profit that exceeded expectations, but revenue fell a bit shy, amid the resulting challenges of the coronavirus pandemic. Net income fell to $ 1.78 billion, or 41 …
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