Keurig Dr Pepper shares are trading lower after Bernstein maintained an Outperform rating on the stock but lowered its price target from $40 to $37.
Portfolio Pulse from Benzinga Newsdesk
Bernstein has maintained an Outperform rating on Keurig Dr Pepper but lowered its price target from $40 to $37. This has led to a decrease in the company's share price.
October 12, 2023 | 2:10 pm
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Keurig Dr Pepper's share price is trading lower after Bernstein lowered its price target on the stock from $40 to $37, despite maintaining an Outperform rating.
The lowering of the price target by Bernstein, a major financial analyst, has led to a decrease in investor confidence in Keurig Dr Pepper, causing the share price to drop. Despite the Outperform rating, the lower price target suggests that Bernstein sees less upside potential in the stock, which is likely to negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100