Wedbush Maintains Outperform on Keurig Dr Pepper, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Gerald Pascarelli maintains an Outperform rating on Keurig Dr Pepper (NASDAQ:KDP) but lowers the price target from $37 to $35.

February 26, 2024 | 2:46 pm
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NEUTRAL IMPACT
Wedbush analyst Gerald Pascarelli maintains an Outperform rating on Keurig Dr Pepper but lowers the price target from $37 to $35.
The maintenance of an Outperform rating by a reputable analyst suggests a positive outlook on KDP's fundamentals and growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100