According to Citi, Coca-Cola is a stronger company after Covid. Analyst Filippo Falorni named Coca-Cola one of his top-rated buy picks in the US beverage and household products sector. Falorni sets his price target at $68, implying a 14.8% gain from Thursday’s closing price of $59.22. Coca-Cola is one of those “names that have been devalued in terms of short-term temporary concerns, providing[ing] a story of improving gross margins with falling commodity prices,” the analyst wrote in a note on Thursday, adding that the beverage giant “can navigate well in the conditions.” weaker macro and/or offer compelling long-term growth stories” at a reasonable valuation.Coca-Cola on Tuesday reported outperforming fourth-quarter revenue, driven by higher beverage prices, in as earnings per share matched analyst expectations.” KO has emerged as a stronger post-COVID company with a more effectively connected organizational model that supports increased market share and innovation new and improved margin structure with more efficient ad spend,” wrote Falorni, adding: “In the short-term, we also see potential revenue/EPS growth With momentum out of Q4, strong pricing power, solid growth in emerging markets. We think KO’s valuation close to the average for large-cap peers is attractive given its stronger revenue growth and higher margin profile.” up 7.4% in 2022, but the stock is down nearly 7% since the start of the year.—CNBC Michael Bloom contributed to this report.