Wells Fargo raised the firm’s price target on Keurig Dr Pepper (KDP) to $40 from $35 and keeps an Overweight rating on the shares. The firm notes shares were up 4.2%, closing at the highest levels since the JDEP acquisition was announced in August. Amid higher estimates and a Staples tape where value is harder to find, Wells wonders if Keurig Dr Pepper will intrigue a bit more.
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