J.P. Morgan Maintains Overweight on Coca-Cola (KO)

J.P. Morgan is out with its report today on Coca-Cola KO, maintaining Overweight. In a note to clients, J.P. Morgan writes, "We rate KO Overweight at 14.9x our 2012 EPS estimate. Coke should benefit from continued solid volume growth and sequential improvement in price/mix. We also believe that Coke's share repurchase in Q4 have helped support the stock. Our December 2011 price target of $66 is based on KO trading at 16x our 2012 estimate, which is in line with its recent average forward PE multiple." Shares of KO are trading pre-market at $62.62, up 0.16% from Monday's close.