Morgan Stanley initiated coverage on shares of Embotelladora Andina S.A. (NYSE:AKO.A) in a research report issued to clients and investors on Thursday. The firm set an “underweight” rating on the stock.

Separately, HSBC Holdings plc raised shares of Embotelladora Andina from a “reduce” rating to a “hold” rating in a report on Friday, June 9th.

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About Embotelladora Andina

Embotelladora Andina SA (Andina) is a bottler of Coca-Cola trademark beverages in Latin America. The Company operates in four segments: Chile, Brazil, Argentina and Paraguay. It produces and distributes fruit juices, other fruit-flavored beverages and mineral and purified water in Chile, Argentina and Paraguay under trademarks owned by The Coca-Cola Company.

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