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Credit Suisse makes huge call on beverage stocks

Jan. 04, 2018 3:16 PM ETThe Coca-Cola Company (KO) StockKO, DPS-OLD, MNSTBy: Clark Schultz, SA News Editor12 Comments
  • Coca-Cola (KO +1.2%) tracks higher after Credit Suisse names the beverage stock one of its top picks for 2018.
  • Analyst Laurent Grandet expects the new asset-light model at Coca-Cola to help it deliver 10% EPS growth in 2019.
  • The CS team also issues some "blue sky" scenarios on Monster Beverage (MNST +0.1%) and Dr Pepper Snapple (DPS-OLD +0.7%) as it factors in tax reform benefits. Under the best case CS model, Monster is seen running up 32% to $83, while Dr Pepper Snapple could jump 33% to $12.

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