Gabelli Maintains Coca-Cola Buy (KO)

Gabelli maintained its Coca-Cola KO Buy rating in a research report published today. In the report, Gabelli states, "We believe Coca-Cola shares trade at a compelling valuation (14.5x and 10x our projected pro-forma 2011 EPS and EBITDA of $4.35 and $14.6 billion, respectively) considering the company's global leadership in the non-alcoholic ready-to-drink beverage industry, and its continued brand momentum." Shares of Coca-Cola were at $62.95 in pre-market trading at the time of posting, down 0.32% from Thursday's market close.