Keurig Dr Pepper Inc. (KDP) Reports In-Line Q3 EPS

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Keurig Dr Pepper Annual Household Penetration a False Sense of Security - Truist

October 31, 2022 11:03 AM EDT

Truist lowered its rating on Keurig Dr Pepper Inc. (NASDAQ: KDP) from Hold to Sell and cut its 12-month price target on the stock from $40 to $30 in a note to clients Monday.

Analyst Bill Chappell said in his note that the return to normal for the coffee systems business will place a drag on top and bottom-line growth through... More