Keurig Dr Pepper Presents 'Compelling' Valuation Despite Coffee Softness, Says Morgan Stanley Analyst
Portfolio Pulse from Priya Nigam
Morgan Stanley analyst Dara Mohsenian has upgraded the rating for Keurig Dr Pepper Inc (NASDAQ:KDP) from Equal-Weight to Overweight, while keeping the price target unchanged at $36. Despite the company's underperformance and a 9% drop in stock price year to date, Mohsenian believes the company's strong trends in refreshment beverages can offset weakness in coffee trends. Shares of Keurig Dr Pepper were up 2.05% to $32.40 at the time of publication.
July 06, 2023 | 4:06 pm
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Keurig Dr Pepper's stock has been upgraded by Morgan Stanley, which could lead to increased investor confidence and potential stock price increase.
The upgrade from Morgan Stanley is a positive signal for Keurig Dr Pepper. It indicates that despite the company's recent underperformance, the firm sees potential for growth, particularly in the refreshment beverages sector. This could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100