McDonald's USA Enters Agreement with Keurig Dr Pepper for McCafé Packaged Coffee

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SunTrust Reiterates Buy Rating on Keurig Dr Pepper (KDP)

September 27, 2019 7:46 AM EDT

SunTrust analyst William Chappell Jr. reiterated a Buy rating and $35.00 price target on Keurig Dr Pepper (NYSE: KDP) following the company's announced new long term master licensing and distribution agreement with McDonalds USA for the McCafe coffee line.

Under the terms of... More