Coca Cola's stock price has hit new highs multiple times since last week, reaching a historic high of $64.3 in mid day trading on Monday. It closed up 0.29% overnight at $63.33. Last month, it was reported that Coca Cola and Pepsi, the two major colas, announced price adjustments. Previously, Coca Cola Japan announced in May that several of its products would increase prices, including various models of cola in plastic bottles and cans, with the highest increase reaching nearly 20%. Morgan Stanley analyst Dara Mohsenian maintains Coca Cola's "buy" rating, with a target price of $70. Last Monday, Bank of France announced that Coca Cola's stock price will perform exceptionally well.