Stocks and Investing Stocks and Investing
Tue, January 7, 2025
[ Tue, Jan 07th ] - Indiatimes
Here are trends in GCCs

Piper initiates on soda stocks; Pepsi, Coca-Cola 'overweight,' Dr Pepper 'neutral'


Published on 2025-01-07 12:41:34 - MSN
  Print publication without navigation

  • Piper Sandler initiated coverage on soda stocks, rating PepsiCo (NASDAQ:PEP), Coca-Cola (NYSE:KO) "overweight," and Neutral on Keurig Dr Pepper (NASDAQ:KDP). Keurig Dr Pepper received a $35 price target,

Piper Sandler has initiated coverage on several major soda companies with varying ratings. PepsiCo (PEP) and Coca-Cola (KO) received an "overweight" rating, indicating a positive outlook due to their strong brand portfolios, diversified product lines, and effective pricing strategies. Analyst Michael Lavery highlighted PepsiCo's potential for growth through its snack division and Coca-Cola's robust international presence. Conversely, Keurig Dr Pepper (KDP) was given a "neutral" rating, reflecting concerns about its slower growth trajectory and less diversified offerings compared to its competitors. The analysis suggests that while all companies face challenges like shifting consumer preferences towards healthier options, PepsiCo and Coca-Cola are better positioned to navigate these trends.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/piper-initiates-on-soda-stocks-pepsi-coca-cola-overweight-dr-pepper-neutral/ar-AA1x7s4K ]