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Express News | JPMorgan: lowered the Target Price for Coca-Cola from $75 to $70.
Express News | Coca-Cola Co : JP Morgan Cuts Target Price to $70 From $75
Multiple Coca-Cola beverages in Europe must be recalled due to excessive levels of chlorate.
On January 28, Gelonghui reported that Coca-Cola Company is undertaking a large-scale recall of drinks such as Coca-Cola, Sprite, and Fanta sold in Europe due to excessive chlorate levels. Coca-Cola's partners in Europe stated that the involved canned and Glass bottled drinks have been sold in the United Kingdom, Germany, France, Belgium, the Netherlands, and Luxembourg since the end of November last year, urging the public not to consume them and saying that unsold products will be removed from the market. Coca-Cola apologized for the incident, noting that an issue was discovered during routine inspections at its plant located in Ghent, Belgium. In food, chlorates mostly originate from Food Processing and treated drinking water.
Food Agency Probing Coca-Cola Products Over Chlorate Levels
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Coca-Cola (KO.US) recalled beverages in Europe due to safety issues.
According to the BBC report, Coca-Cola (KO.US) has recalled beverages across Europe due to their high levels of the chemical chlorate. The company stated that this recall mainly targets Belgium, Luxembourg, and the Netherlands, and added that only five product lines have been shipped to the United Kingdom and have been sold. The report cited a Coca-Cola spokesperson stating that independent expert analyses concluded that any related risks to consumers are very low. Coca-Cola mentioned that it has not received any consumer complaints in the United Kingdom and has alerted the authorities about the matter, and will continue to cooperate with them.