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Fly News Breaks for February 24, 2020
KDP
Feb 24, 2020 | 07:33 EDT
As previously reported, Morgan Stanley analyst Dara Mohsenian upgraded Keurig Dr Pepper to Equal Weight from Underweight with a price target of $29, up from $28. The stock is up only 5% over the last year, which lags its closest peers Coca-Cola (KO) and Pepsi (PEP) as well as the broader Consumer Packaged Goods peer group and the S&P, noted Mohsenian, who now thinks Keurig's valuation better reflects its lower growth profile and higher risks compared to is peers.
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