Bernstein Starts Coca-Cola (KO), Pepsi (PEP), Dr Pepper Snapple (DPS) at Outperform, Coca-Cola Enterprises (CCE) at Market Perform

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In the Non-Alcoholic Beverages group this morning, an analyst at Sanford C. Bernstein initiated coverage on the following names:

• Coca-Cola (NYSE: KO) with an Outperform rating and a $42 price target
  
• PepsiCo (NYSE: PEP) with an Outperform and $27 target
  
• Dr Pepper Snapple (NYSE: DPS) with an Outperform and $42 target
  
• Coca-Cola Enterprises (NYSE: CCE) with a Market Perform and $28 target

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