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Fly News Breaks for March 23, 2017
DPS
Mar 23, 2017 | 07:49 EDT
Credit Suisse analyst Laurent Grandet raised his price target for Dr Pepper Snapple to $111 from $105 as he thinks the stock now merits a higher multiple because the company has secured its most promising Allied Brand, which adds incremental growth of 2%-3% and marginally reduces the risk associated with not controlling those brands. The analyst reiterates an Outperform rating on the shares.
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