Coke a Hold with Stronger Dollar – Analyst Blog
Source: http://www.zacks.com/stock/news/18257/Coke+a+Hold+with+Stronger+Dollar+-+Analyst+BlogPosted on Tuesday, March 17th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
The Coca-Cola Company (KO) has strong soft drink brands, leading market shares and generates solid cash flow. The company’s new CEO, Muhtar Kent, will continue with Isdell’s revitalization plan to deal with the challenges of continually increasing volume.
Despite global economic weakness, world-wide volume growth continues, driven by non-carbonated beverages and international markets, along with incremental marketing spending of $400 million annually.
However, as long as the dollar remains strong, sales and operating earnings growth will be constrained from currency translations. The Hold rating is maintained.
Read the full analyst report on “KO”
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
Tags for this Post:
Blog, Muhtar Kent, Stocks to Watch, The Coca-Cola Company;, USD, Zacks Market Commentaries
Blog, Muhtar Kent, Stocks to Watch, The Coca-Cola Company;, USD, Zacks Market Commentaries
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.