Bank of America released a note Friday explaining its take on the deal between Coca-Cola (NYSE: KO) and Monster Beverage (NASDAQ: MNST).

The team at Bank of America said, pending closing conditions and regulatory approval, Coca-Cola ought to view 'modest' accretion in fiscal 2015 thinking the deal closed early into the year with the ABI territories franchise business in North America.

In the deal, Bank of America kept a Buy rating an $45 price objective on Coca-Cola.

The group commented, 'Our Buy rating is based upon our sight that The Coca-Cola Company need to breakout of the current growth lull using a mix of self-help actions, improved advertising and marketing financial investments and an ultimate kip down macro. intermittent aspects'.