Keurig Dr Pepper price target raised to $39 from $37 at Wells Fargo

Wells Fargo raised the firm’s price target on Keurig Dr Pepper to $39 from $37 and keeps an Overweight rating on the shares. Q1 felt like a turning point, the analyst tells investors in a research note. Despite the recent run in the stock, it’s still cheap, and with sequentially better trends to carry into Q2 and the second half, there’s room for more multiple re-flation, Wells says.