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Cowen Report on Coca-Cola: 'Is Soda the New Cigarette?'

In Tuesday's Analysts' Actions, Cowen initiates Coca-Cola, Citigroup adds Hershey to 'Focus List' and RBC upgrades Microsoft.

In Tuesday's Analysts' Actions, Cowen initiates Coca-Cola, Citigroup adds Hershey to 'Focus List' and RBC upgrades Microsoft. Citigroup has a sweet new addition on its 'Focus List.' The firm says Hershey (HSY) is its top pick for the U.S. food group and expects the chocolate maker to show improving sales and margin trends in the coming quarters. Citi has a 'Buy' rating for the stock with a $112 price target. Microsoft (MSFT) was upgraded to 'Outperform' at RBC Capital, its price target was also raised to $54 from $47 a share. The analysts at RBC believe Microsoft has multiple near term drives and can create value. Analysts at Cowen Company initiated coverage on Coca-Cola (KO) with a 'Market Perform' rating. The target price is set to $43, that's pretty much in line with where the stock is currently trading. The title speaks for itself but the firm's report called 'Is Soda the New Cigarette?' explains why Cowen is cautious with the stock.

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