shares of Coca Cola Co KO Tuesday continued to fizzle out despite the company’s reporting optimistic first quarter results.

Here are some key analyst takeaways from the beverage giant’s quarterly results.

Amber about Coca-Cola

Analyst Callum Elliott maintained an outperform rating and price target of $66.

“Organic growth for the quarter was +12%, well above the consensus of +10%, albeit slightly behind our +12.6%,” Elliott said in a note. He added that the miss was due to “a +3% lag between unit volume (which is more reflective of consumer demand);” and concentrate shipments +1% (reflected in KO sales).”

“These actions should even out over the course of the year and therefore represent further upside potential for the numbers for the remainder of the year,” the analyst continued.

RBC Capital Markets on Coca-Cola

Analyst Nik Modi reaffirmed an outperform rating and price target of $69.

“A strong quarter for KO with a top and bottom line beat and a reiteration of guidance giving us more confidence that KO can deliver for the year,” Modi said.

“We continue to believe KO is well positioned to execute on its strategy to deliver both locally and globally in a challenging macro environment,” he added.

Cash other stock reviews by analysts.

Morgan Stanley on Coca-Cola

Analyst Dara Mohsenian reiterated an Overweight rating and a price target of $70.

“Coke’s strong organic sales growth to start the year with an underlying organic sales growth of 14% confirms strong sales momentum with both a rational pricing environment and underlying volume growth with a strong 4-year org sales CAGR of 7% compared to Q1 2019, consistent with H2 2022,” Mohsenian wrote in a note.

“Net FY EPS visibility has improved after a better than expected first quarter, but it is not surprising that Coke is maintaining FY EPS guidance as it is early in the year and a volatile external environment and Q1 sales jump was expected and April trends are weaker so far,” he added.

KO Price Promotion: Coca-Cola shares remained at $63.99 at…