Bernstein Maintains Outperform on Keurig Dr Pepper, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Callum Elliott maintains an Outperform rating on Keurig Dr Pepper (NASDAQ:KDP) but lowers the price target from $40 to $37.
October 12, 2023 | 11:01 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Keurig Dr Pepper's price target has been lowered from $40 to $37 by Bernstein, though the Outperform rating is maintained.
The news directly pertains to Keurig Dr Pepper as the company's price target has been lowered by Bernstein. However, the Outperform rating is maintained which indicates that the analyst still expects the stock to outperform the market. This could have a neutral impact on the stock price in the short term as the lower price target might be a negative signal to some investors, while others might focus on the maintained Outperform rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100