Citi Maintains Coca-Cola Buy, $74 PT

Citi maintained its Coca-Cola (NYSE: KO) Buy rating and $74 price target in a research report published today.

In the report, Citi states, "KO generated free cash flow of $2.5 billion during the six months ended July 1, below the $3.4 billion in free cash flow generated in the year-ago period. The decline can be attributed to much lower CFO and higher cap ex spending."

Shares of Coca-Cola were trading at $68.36 at the time of posting, up 1.92% from Tuesday's market close.