Coca-Cola (NYSE:KO) a Gift That Keep on Giving Says Goldman (NYSE:GS)

Coca-Cola (NYSE:KO) continues to be the incremental growth powerhouse it has been for years, and even though they recently stated the recent acquisition of CCE's North American bottling won't have any effect on their EPS results in 2011, Goldman Sachs (NYSE:GS) sees several factors with the company to remain bullish on them.

Goldman said, "We forecast no accretion next year, but believe KO can still deliver healthy earnings growth on 5% volume growth driven by emerging markets, continued cost savings, healthy pricing, and incremental share buybacks activity."

EPS estimates for 2010 were lowered from $3.50 to $3.49, and remained the same for 2011, at $3.83.

Goldman maintains their "Buy" rating on Coke, which closed Wednesday at $64.74, up $0.84, or 1.31 percent. They raised their price target on them from $68 to $72.