Wedbush Maintains Outperform on Keurig Dr Pepper, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Gerald Pascarelli has maintained an 'Outperform' rating on Keurig Dr Pepper (NASDAQ:KDP) but lowered the price target from $40 to $37.
July 11, 2023 | 2:45 pm
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Keurig Dr Pepper's price target has been lowered from $40 to $37 by Wedbush, though the 'Outperform' rating is maintained.
The lowering of the price target by Wedbush could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100