Wednesday, May 30, 2007

Coca-Cola Upgraded to `Buy' at Citigroup as Acquisitions Boost Growth

(Bloomberg) -- Coca-Cola Co. was upgraded to ``buy''
from ``hold'' at Citigroup Investment Research, which said recent
acquisitions and a recovery in Asian markets will allow the
world's biggest soft-drink maker to grow faster.

Analyst Bonnie Herzog recommended investors buy shares of
Coca-Cola because the stock, which has risen 8.2 percent this
year, may climb further if the company exceeds its long-term
target of ``high-single-digit'' profit growth.


Read more at Bloomberg Stocks News

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