Deutsche Bank Initiates Coverage on Dr Pepper Snapple Group (DPS) with a Hold
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Deutsche Bank initiates coverage on Dr Pepper Snapple Group (NYSE: DPS) with a Hold. Price target $29.
Deutsche analyst says, "Improving valuation will be a "show me" story DPS is the third-largest U.S. liquid refreshment beverage company and the only integrated brandowner/bottler. Although the company faces some structural impediments, valuation should improve towards our 12-month price target of $29 if it can demonstrate progress against growth opportunities like raising brand penetration, turning around Snapple, and streamlining the cost base. Despite significant upside potential, we are cautious on volume growth given aggressive pricing and commodity costs."
Dr Pepper Snapple Group, Inc (DPS), formerly CSAB Inc, is an integrated refreshment beverage business, marketing more than 50 beverage brands throughout North America.
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