Coca-Cola price target raised to $95 from $90 at BofA

BofA raised the firm's price target on Coca-Cola to $95 from $90 and keeps a Buy rating on the shares. Coca-Cola remains a high-quality global staples compounder, with healthy consumption trends, resilient demand, limited inflation exposure through its asset-light model, and strong balance sheet flexibility supporting its outlook ahead of Q2 earnings, the analyst tells investors in a research note.