RBC Capital raised the firm’s price target on Keurig Dr Pepper (KDP) to $42 from $41 and keeps an Outperform rating on the shares. The company reported an underwhelming quarter that was impacted by a highly promotional environment in coffee and international results that were slightly below expectations, though the total company volumes accelerated for a third consecutive quarter and its earnings per share was in-line, the analyst tells investors in a research note.
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