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Fly News Breaks for November 22, 2016
DPS
Nov 22, 2016 | 12:25 EDT
Goldman Sachs analyst Judy Hong said Dr Pepper's announcement of a deal for Bai Brands, one of the company's best performing Allied Brands, is not unexpected and should boost Dr Pepper's growth profile. However, the acquisition is expected to be dilutive near-term and increases Dr Pepper's leverage, noted the analyst, who keeps a Sell rating on the stock.
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