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Fly News Breaks for June 19, 2018
Jun 19, 2018 | 07:43 EDT
As previously reported, Stifel downgraded Dr Pepper Snapple to Hold from Buy, with analyst Mark Swartzberg telling investors that the more he learns about Keurig Green Mountain, the more he is convinced it has "limited capacity for operating income growth." The analyst, who recently reduced his Dr Pepper forecasts for higher packaging and logistics costs, has also lowered his KGM forecasts after reviewing a series of public filings. He keeps a price target of $122 on Dr Pepper shares to account for his 12-month stub target of $18.25 per share and the $103.75 special cash dividend that is scheduled to be paid.
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