JPMorgan analyst Andrea Teixeira lowered the firm’s price target on Keurig Dr Pepper (KDP) to $36 from $39 and keeps an Overweight rating on the shares ahead of the Q3 report on October 27. The firm trimmed estimates to reflect Keurig’s international mix. It believes the stock could be range-bound for the time being.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KDP:
- Activist Starboard Pours into Keurig Dr Pepper (KDP) After Controversial JDE Peet’s Deal
- Strategic Acquisition and Investor Confidence Drive Buy Rating for Keurig Dr Pepper
- Keurig Dr Pepper jumps 2% to $26.45 after FT report of Starboard stake
- Activist investor Starboard builds stake in Keurig Dr Pepper, FT reports
- Keurig Dr Pepper price target lowered to $33 from $41 at BofA