Like most stocks in this market, Coca-Cola Company (KO) stock has been hit hard by the COVID-19 pandemic. From the market peak in late February through its nadir in late march, Coca-Cola shares lost about 38% of their value. The next three weeks — through Tuesday’s close — saw Coke shares make up about half of those losses.Still the stock is down 18% from its February 21 high. Does this make Coke stock a buy?Investment bank HSBC thinks so. In a recent report to clients, HSBC analyst Carlos Laboy argues that Coca-Cola stock is undervalued at its present price of …read more
Source:: Yahoo Finance
