Bernstein analyst Cristian Rios initiated coverage of Coca-Cola with a Market Perform rating and $84 price target. The firm views the company as a "high-quality compounder." The analyst is bullish on Coca-Cola's North America business, but bearish on Latin America relative to consensus citing the expected impact of the 2026 excise tax in Mexico. This will "dampen" consumption and price realization, the analyst tells investors in a research note.
