Stock Pick for August 3, 2013

My stock pick for the day is Coca-Cola Co (KO). Coca-Cola finished the day down $0.28 and -0.73% at $37.90. This is amidst reports that Coke has been “greenwashing” or exaggerating the product’s environmental benefits. 

Why should you buy them? Goldman Sachs upgraded Coca-Cola from “Neutral” to a “Conviction Buy” today. Analysts like their risk/reward ratio and see their shares climbing up to $47 dollars a share. Coca-Cola also offers a dividend of $.80 a share, or 2.11% of its stock price. 

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