Piper Sandler upgraded Keurig Dr Pepper (KDP) to Overweight from Neutral with a price target of $40, up from $35. The firm cites the company’s strong retail sales growth momentum in its U.S. Refreshment Beverages segment and an “impressive showing” in Piper’s spring 2025 teen survey for the upgrade. Dr Pepper is performing well in measured channels, boosted by Dr Pepper Blackberry, the analyst tells investors in a research note. Piper adds that Dr Pepper was teen’s favorite soda and beverage brand in it spring survey, “boding well for long-term share gains.”
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KDP:
- Trump Weekly: U.S. announces new tariffs, China responds with their own
- Sector Spotlight: Tariffs spark consumer goods selloff and cost fears
- PepsiCo works to save itself from years of decline, WSJ says
- Early notable gainers among liquid option names on April 1st
- Ulta upgraded, Kroger downgraded: Wall Street’s top analyst calls