Citi and Morgan Stanley have recently upgraded their ratings for Coca-Cola Company (NYSE:KO), reflecting confidence in its resilience against economic downturns. With Citi initiating coverage at a Buy rating and a $68 target, and Morgan Stanley raising its target to $70, Coca-Cola is positioned as a top defensive stock amid recession fears, supported by 58 hedge funds holding stakes. This trend of favoring stable investments is echoed across companies like The Home Depot, Costco, and AbbVie, all of which are attracting significant hedge fund attention.
“Coca-Cola Company (NYSE:KO) · buy rating · Citi's rating · $68 price target”
“Coca-Cola Company (NYSE:KO) · number of hedge fund holders · total · 58”
“Coca-Cola Company (NYSE:KO) · biggest stakeholder · Warren Buffett’s Berkshire Hathaway Inc. · $25 billion stake”
“The Home Depot, Inc. (NYSE:HD) · number of hedge fund holders · total · 62”
“Costco Wholesale Corporation (NASDAQ:COST) · number of hedge fund holders · total · 66”
“The Coca-Cola Company (NYSE:KO) · is considered · one of the best defensive stock picks · for a recessionary environment”
“Citi · started covering · The Coca-Cola Company (NYSE:KO) · with a Buy rating and a $68 price target”
“Morgan Stanley · kept · an Overweight rating on The Coca-Cola Company (NYSE:KO) · raised price target to $70”
“58 hedge funds · had stakes in · The Coca-Cola Company (NYSE:KO) · as of the end of the fourth quarter of 2022”
“Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-B) · was the biggest stakeholder of · The Coca-Cola Company (NYSE:KO) · with a $25 billion stake”
“The Home Depot, Inc. (NYSE:HD) · is considered · one of the best picks for any starter stock portfolio”
“UBS · ran · a machine-learning model · to select its top dividend picks”
