News

US: CSFB cuts Coca-Cola Company estimates

Most popular

Why rum should ignore its past to win today

The just-drinks analyst returns

Moët Hennessy Performance Trends 2015-2019 - data

Why single malt should ignore its core consumer

The just-drinks analyst returns

MORE

The investment bank CSFB has cut its 2005 earnings estimate for the soft drinks giant Coca-Cola Company to US$2.10 a share from US$2.17.

CSFB said the cut was made on the expectation Coke would increase its marketing spend.

In a research note, analyst Andrew Conway said: "While we believe more investment is needed in some of Coke's markets, the question is whether these needs can be addressed by increased marketing efficiency and/or whether additional funds are needed."

CSFB maintained its "neutral" rating on the stock.


Sectors: Soft drinks

Related Content

Why the future looks better for low-calorie soft drinks, despite US troubles - Comment

Why the future looks better for low-calorie soft drinks, despite US troubles - Comment...

Coca-Cola European Partners CEO upbeat on 2017, despite January blip

Coca-Cola European Partners CEO upbeat on 2017, despite January blip...

Seeing red - Can Coca-Cola Co's new brand strategy solve the sugar problem and buy the world a Coke at the same time? - Comment

Seeing red - Can Coca-Cola Co's new brand strategy solve the sugar problem and buy the world a Coke ...

Why Brown-Forman is on to a winner, how Coca-Cola Hellenic can kick on and why the AGM must return - The just-drinks Analyst

Why Brown-Forman is on to a winner, how Coca-Cola Hellenic can kick on and why the AGM must return -...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?