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Fly News Breaks for March 21, 2018
DPS
Mar 21, 2018 | 08:44 EDT
BMO Capital analyst Amit Sharma keeps his Market Perform rating and $122 price target on Keurig Dr Pepper but notes that the company's analyst day has positioned it as an "attractive play" amid rising coffee consumption in multiple categories, formats, and channels. Sharma adds that despite his neutral stance on the stock, he is more positive about the company's ability to produce the $600M in cost synergies while also pointing to further margin expansion in the standalone Keurig Green Mountain business.
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