Major Declarations Stocks: The Coca-Cola Company (NYSE:KO), Freeport-McMoRan Inc. (NYSE:FCX), Donaldson Company, Inc. (NYSE:DCI)

April 26, 2023 4:51 am2 commentsViews: 77

The Coca-Cola Company (NYSE:KO) surged on Tuesday following analysts at UBS upgraded the soda firm to “buy” from “neutral.” Analysts at the company also lifted their price target to $48 from $44, declaring the share price is likely to increase in the coming 12 months. UBS articulated that there are “multiple paths to upside” for the stock. The firm thinks the company will benefit from favorable trends in both pricing and productivity. Atlanta, Ga.-based Coca-Cola is a beverage company that owns or licenses and markets more than 500 nonalcoholic beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. The Coca-Cola Company (NYSE:KO) stock has highest price of $41.26 in last session, beginning with a price of $40.90 and reported an advance of 1.25% to the closed at $41.17 with a day range of $40.84-$41.26. The stock is going forward its 52-week low with 8.68% and moving down from its 52 week high price with -6.99%.

Freeport-McMoRan Inc. (NYSE:FCX) declared that it modifies to its mining and oil and gas organizational structure to implement increased responsibilities for certain members of its senior management team. The firm articulated that Harry Conger has been named President and Chief Operating Officer Americas as well as Africa Mining. In this role, Red will continue to have operational responsibility for the Americas and will enlarge his responsibilities to comprises FCX’s Africa mining operations as well as the Climax Molybdenum business. FCX reproted that Doss Bourgeois has been named President and Chief Operating Officer for Freeport-McMoRan Oil & Gas. Doss has been a major part of the success of Freeport-McMoRan Oil & Gas and its predecessor companies. Shares of Freeport-McMoRan Inc. (NYSE:FCX) traded at $17.11 by surging 1.12% with price volatility of 5.47% for a week and 3.86% for a month. Its beta stands at 2.36 times.

Filtration systems maker, Donaldson Company, Inc. (NYSE:DCI) released on Tuesday that it has signed into a binding contract to purchase all of the shares of Colombia-based Industrias Partmo S.A. The financial terms of the contract were not revealed. Partmo is a manufacturer of replacement air, lube and fuel filters. Founded in 1963, Partmo generates annual sales of about $15 million. Partmo has about 250 employees at its main production site in Bucaramanga, Colombia. Donaldson said completion of the deal is subject to customary regulatory approval in Colombia, and is expected to close during the second quarter of its fiscal year 2016. “The acquisition of Partmo will support our strategy of continued growth in our engine filter business in South America,” said Guillermo Briseño, Donaldson’s vice president for Latin America. Donaldson Company, Inc. (NYSE:DCI) stock hit highest price at $34.47, beginning with a price of $34.00 and reported an advance of 0.56% to the closed at $34.11 with a day range of $34.00-$34.47.


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