Keurig Dr. Pepper Inc. undefined was downgraded to hold from buy at Truist, with analysts anticipating that at-home coffee consumption will drop as...
Keurig Dr. Pepper Inc. was downgraded to hold from buy at Truist, with analysts anticipating that at-home coffee consumption will drop as post-pandemic activities pick up. Truist maintained its $40 price target."As we move into 2022 and a new normal, we would expect a slowdown in the coffee segment," analysts wrote in their note."Our concern is that the drop will be faster than forecasted by the street.
" Analysts say the perception of Keurig Dr. Pepper shifts based on which part of the business is doing well."When the coffee systems segment is doing well, investors are willing to value the company as a beverage stock," Truist said."When the coffee systems segment puts up an uneven performance, investors value the stock as a hybrid company ." Other brands in the Keurig Dr. Pepper portfolio include 7-Up, Snapple and Hawaiian Punch. Keurig Dr. Pepper stock was down 1.
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