Brocker.Org: Wells Fargo downgrades Coca-Cola, says stock overvalued provided earnings likely nowhere

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Wells Fargo Securities lowered its rating on Coca-Cola to current market perform from outperform, indicating the enterprise doesn’t should have a valuation premium provided the prospect of weak earnings this 12 months.

“We will not feel KO will be immune from the staples rotation underway,” analyst Bonnie Herzog wrote in a observe to clients Wednesday. “We see constrained upside possible to KO stock in 2017 provided greater earnings strain due to significant macro/structural headwinds … and we see tiny motive for traders to continue to reward KO with various expansion.”

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