Jefferies analyst Kaumil Gajrawala downgraded Keurig Dr Pepper (KDP) to Hold from Buy with a $32 price target The company’s new BevCo and Global CoffeeCo are capable of delivering top-line growth in FY26-27, but large scare mergers come with integration risk, the analyst tells investors in a research note. The firm further cites a heavy debt load, coffee price volatility, and new financing structure in its downgrade.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KDP: