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Fly News Breaks for March 3, 2017
DPS
Mar 3, 2017 | 07:34 EDT
As previously reported, Jefferies analyst Kevin Grundy upgraded Dr Pepper Snapple to Buy from Hold, stating that its recently-acquired Bai brand is an underappreciated growth platform for the company. He expects Bai to contribute 2-3 points to Dr Pepper's core sales growth over the next 3-5 years and increased his 2017-18 organic sales and EPS forecasts. Grundy increased his price target on Dr Pepper shares to $115 from $98.
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