Barclays Maintains an 'Equalweight' on Dr Pepper Snapple (DPS); It's Getting Late Early
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Price: $123.66 --0%
Rating Summary:
6 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Dr Pepper Snapple (NYSE: DPS) price target cut $3 to $40.00.
Barclays analyst says, "The EPS beat by DPS in 3Q11 was lower quality, mostly driven by below the line items including a much lower tax rate (adding about $0.02 vs. our model). Moreover, marketing expense was down in the quarter, although this should ramp up into 4Q11, and we would expect to see another step-up in 2012, particularly if PEP (and KO for that matter) decides to meaningfully increase marketing spend behind its US beverage business, as we expect...We are lowering our 2011 EPS target by a nickel to $2.70 and our 2012 forecast drops down to $2.85 from $3.00."
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.
Barclays analyst says, "The EPS beat by DPS in 3Q11 was lower quality, mostly driven by below the line items including a much lower tax rate (adding about $0.02 vs. our model). Moreover, marketing expense was down in the quarter, although this should ramp up into 4Q11, and we would expect to see another step-up in 2012, particularly if PEP (and KO for that matter) decides to meaningfully increase marketing spend behind its US beverage business, as we expect...We are lowering our 2011 EPS target by a nickel to $2.70 and our 2012 forecast drops down to $2.85 from $3.00."
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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