Morgan Stanley cautious on Coca-Cola

|About: The Coca-Cola Company (KO)|By:, SA News Editor

Morgan Stanley doesn't think the recent decline in Coca-Cola (KO +0.6%) provides investors an attractive entry point on concerns the increased marketing spend from the compny will take time to drive volume higher.

The investment firm thinks consensus revenue estimates are too high with many of Coca-Cola's headwinds (F/X, macro, emerging markets) still very much in play.

Shares of KO are down 9.4% YTD.