Why Coca-Cola Stock Is Up (Only) 5% Today
Stock markets are on fire today, with hopes for a financial relief package out of Washington helping to lift the S&P 500 more than 7% as of 2:55 p.m. EDT. Curiously, though, Coca-Cola (NYSE: KO) stock is not one of the bigger winners, up only 4.7%.
The situation with Coca-Cola only becomes more curious when you learn that this morning, the stock won an upgrade to buy from investment banker HSBC, which assigned the shares a $45 price target promising more than 14% upside from present prices.
Stocks are running higher. But why isn't Coke stock running faster? Image source: Getty Images.
Source Fool.com
