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Fly News Breaks for March 19, 2018
DPS
Mar 19, 2018 | 07:26 EDT
As reported earlier, RBC Capital analyst Nik Modi upgraded Dr Pepper Snapple to Outperform from Sector Perform and raised his price target to $135 from $125. Modi says that some investors have struggled to justify the strategic rationale of the company's Keurig deal, but he sees "several value creation drivers" including leverage in the growing coffee category, improvements for the core Keurig brand, and the prospects for higher cash flow conversion.
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