Keurig Dr Pepper Faces Coffee Headwinds, Potential In energy Drink, Says Analyst

Piper Sandler analyst Michael Lavery initiated coverage on Keurig Dr Pepper Inc KDP with a Neutral rating and a $35.00 target price.The analyst voiced caution regarding ongoing coffee-related challenges, citing sluggish top-line momentum, recent spikes in coffee input costs, and uncertainty surrounding additional pricing opportunities.Although the company has announced mid-single-digit pricing, coffee input costs continue to escalate, impacting margins, said the analyst.The analyst noted that the U.S. Refre ...