BUZZ-J.P. Morgan cuts Coca-Cola PT on inflationary and forex pressures

Brokerage J.P. Morgan cuts PT on Coca-Cola KO.N to $70 from $75, citing inflationary and foreign exchange pressures

Brokerage says "the lower income consumers" in the U.S. continue to face inflationary pressures

"One of the big questions for the year is the impact to the profit & loss from dollar appreciation leading up to and following President Trump's election," brokerage says

Adds that "the multibillion-dollar dispute with the Internal Revenue Service" may also weigh

The beverage giant is currently appealing an August decision by a U.S. tax court where it agreed to pay $6 billion in back taxes and interest to the IRS, according to an AP report

New PT represents 9.6% upside to stock's last close

Coca-Cola, set to release its Q4 earnings next month, has beat adj EPS estimates for the last 15 quarters

20 of 28 brokerages rate stock "buy" or higher and 8 "hold"; median PT is $71.5 — LSEG

Stock rose 6% in 2024, compared with a 23% increase in the S&P 500 index .SPX