JPMorgan Affirms 'Overweight' Rating on The Coca-Cola Company (KO) Amid Organic Growth Prospects

Coca-Cola (NYSE:KO) is one of the best conservative stocks to buy now. On September 22, JPMorgan reiterated an ‘Overweight’ rating on the stock and a $79 price target. The investment bank has echoed the company’s ability to maintain a best-in-class long-term growth algorithm.

The beverage giant is targeting an organic sales growth of 4%-6%. The push for robust growth is being driven by the company’s efforts to address changing consumer preferences. It is increasingly focusing on hydration and ready-to-drink protein products as it seeks to expand its market reach.

Coca-Cola’s Vice President of Investor Relations, Robin Halpern, and Senior Director of Investor Relations, Taylor Polivka, have also echoed the company’s digital transformation efforts across consumer segments.

The Coca-Cola Company (NYSE:KO) manufactures, sells, and markets a wide variety of non-alcoholic beverages, including soft drinks, water, juices, dairy products, coffee, and tea, under more than 200 brands. Beyond its products, the company also focuses on marketing, technology, and sustainability initiatives, including water resource management and recycling.

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Disclosure: None. This article is originally published at Insider Monkey.