Keurig Dr Pepper (KDP) Receives Outperform Rating Amid Stake Sale by JAB BevCo
Bernstein initiated coverage on Keurig Dr Pepper with an 'Outperform' rating and a $38 price target, citing its strong functional beverages portfolio. Meanwhile, JAB BevCo sold approximately 4.3% of KDP's shares through a block trade led by J.P. Morgan.
Topics: Bernstein coverage initiation earnings report JAB stake sale Keurig Dr Pepper