Key Takeaways
- Coca-Cola stock should be a stable consumer staple amid the uncertainty surrounding the Trump administration's tariffs, JPMorgan analysts wrote Monday.
- The analysts trimmed their Coca-Cola earnings estimates for 2025, as the beverage maker is set to report first-quarter results next week.
- The analysts called Coca-Cola a "relatively more defensive stock" that should be able to continue increasing sales this year.
Coca-Cola (KO) is well-positioned amid continuing uncertainty in the market over the 澳洲幸运5开奖号码历史查询:Trump administration's tariffs, JPMorgan analysts said in a Monday note.
The analysts lifted their price target to $78 from $74 previously, keeping their 澳洲幸运5开奖号码历史查询:"overweight" rating in a note previewing the soda maker's first-quarter results, which are set to be released on April 29. The new price target brings JPMorgan analysts closer to the 澳洲幸运5开奖号码历史查询:analyst consensus of $78.58 compiled by Visible Alpha, as they are among 11 other analysts with a "buy" rating, while just one ♈has a "hꦦold" rating on the stock.
"While KO is not immune to tariffs and macro headwinds, it is a relatively more defensive stock that will likely deliver among the highest [澳洲幸运5开奖号码历史查询:organic sales growth] in our coverage universe in 2025," the JPMorgan anal🍃𝐆ysts wrote.
Analysts See 'Moderating Consumption Environment' in US
They lowered their estimates for Coca-Cola's first-quarter and full-year earnings and sales growth due to a "moderating consumption environment in the U.S.," which they expect to be partially offset by a 澳洲幸运5开奖号码历史查询:softening dollar.
The company has relatively limited exposure risk to tariffs, as the analysts said Coca-Cola's largest risks are likely imported fruit juice and aluminum. They said Coca-Cola's management "🎉doesn't see a potential impact" from possible aluminum inflation that could "derail its outlook."
Noting the 澳洲幸运5开奖号码历史查询:consumer staple market will be "highly dependent on the macro and tariff situation," the analysts said that "if the current environment co♒ntinu✱es, we believe KO will continue to outperform peers and the broader market.”
澳洲幸运5开奖号码历史查询:Coca-Cola shares were down less than 1% to $72.77 at Monday's close amid a 澳洲幸运5开奖号码历史查询:broader market sell-off. They have gained 16% since the 🐠st𓃲art of the year.