Stocks
Coca-Cola Stock Rises to Near-52 Week High, Narrowing Upside Case
Coca-Cola's stock price rose 3.9% last week to close at $91.10 on August 21, leaving it near its 52-week high.
This strong performance has narrowed the gap between the company's current share price and Wall Street's average target of $94.70, now standing at just 3.9% upside.
The Coca-Cola Company had raised its organic sales and comparable earnings per share (EPS) outlook in July, citing a strong second-quarter performance with revenue up 7% to $13.4 billion and comparable EPS climbing 11% to $0.97.