Coca-Cola Shares Close In On All-Time High; Short Trading Week Ahead
Coca-Cola shares closed Friday at $81.48, up 0.38%, just below their May 19 high, ahead of a long Memorial Day market closure. Barclays and Citi raised price targets to $89 and $91, citing strong first-quarter results and expected gains from the 2026 FIFA World Cup. First-quarter net revenue rose 12% to $12.5 billion. The next company update is set for June 4 at a Deutsche Bank conference.