Coca-Cola Co (NYSE: KO) Will Discontinue Production of Zico Coconut Water

Coca-Cola Co (NYSE: KO)

Coca-Cola Co (NYSE: KO) share slipped 0.22% in after-hours trade on Monday. The consumer goods company will discontinue the production of its Zico coconut water brand by the end of the year, according to a Coke spokeswoman who spoke to The Wall Street Journal.

The People familiar with the matter told the paper that some less popular versions of Coke and Diet Coke are also under review.

Coca-Cola Co (NYSE: KO)

 

Analysts Rating:

Morgan Stanley upgraded the Coca-Cola Co (NYSE: KO) stock from Equal-Weight → Overweight with a price target of $54 on 22 July 2020. The monthly performance of Coca-Cola is -2.18% showing the bearish trend. The EPS growth for this year for Coca-Cola Co (NYSE: KO) stands at 38.00%. The EPS growth for next year is 14.12%.

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