Jefferies Maintains a 'Hold' on Dr Pepper Snapple (DPS); 3Q Wrap: CSD Volumes Holding On, Non-Carb Volumes Decelerating

Jefferies maintains a 'Hold' on Dr Pepper Snapple (NYSE: DPS) price target lowered from $45 to $43.

Jefferies analyst says, "DPS reported 3Q EPS $0.71 vs. Street at $0.70. A lower than expected tax rate and marketing spend continued approximately $0.03 to EPS in the quarter. DPS's 3Q11 CSD volumes were flat as the company held market share, but NCB volumes fell 5%, first decline since 2008. We remain on sidelines given limited near-term volume visibility and above-mean valuation."

For more ratings news on Dr Pepper Snapple click here and for the rating history of Dr Pepper Snapple click here.

Shares of Dr Pepper Snapple closed at $37.91 yesterday.

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