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Fly News Breaks for February 16, 2018
DPS
Feb 16, 2018 | 06:03 EDT
Jefferies analyst Kevin Grundy downgraded Dr Pepper Snapple to Hold while raising his price target for the shares to $123 from $115. The post-merger guidance "leaves little room for error" and the competitive environment in beverages is likely to "heat up," Grundy tells investors in a research note. The analyst also sees integration risk.
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