Coca Cola Company (KO)

[TechWhiz]

Let's keep it going KO.

A few excerpts from below article:

Morgan Stanley says get defensive with stocks like Coca-Cola because of 'late cycle' economy

Chief U.S. equity strategist Michael Wilson told clients in a note Monday that expectations of "disappointing" S&P earnings next year should allow companies like Coca-Cola, Lowe's and McDonald's to outperform the broader market.

Coke is Morgan Stanley's top pick in the U.S. beverage space thanks to what the firm's analyst described as "clearly superior topline growth vs. large cap CPG peers, driven by stronger pricing power, strategy changes, ramping innovation, and momentum in emerging markets, which we believe is not reflected in its current valuation." Wilson excerpted the Coke analyst's comments in his report.

The investment bank sees shares of Coke rising 12.3% to $60 per share over the next year.

https://www.cnbc.com/2019/12/02/morgan-stanley-says-its-time-to-get-defensive-and-buy-coca-cola.html