Coke Could Fizzle in 2017
Shares of Coca-Cola were fairly flat Wednesday -- and, after the stock lagged the Dow in 2016, some analysts are saying Coke could fizzle again in 2017.
Shares of Coca-Cola (KO) - Get Report were fairly flat Wednesday -- and, after the stock lagged the Dow in 2016, some analysts are saying the soda giant could fizzle again in 2017.
Real Money contributor Chris Laudani finds it is hard to see how Coke can move much higher with the stock trading at 20 times next year's earnings estimates, especially with a strong dollar weighing on earnings. Laudani believes Coke needs to find a secret recipe for organic growth -- and fast.
Of course, Coke has a new CEO, James Quincey, coming in later this year who will likely shake things up.
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