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Stock impact report

TD Cowen Maintains Hold Rating on Keurig Dr Pepper (KDP) Stock [Yahoo! Finance]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On October 27, TD Cowen analyst Robert Moskow maintained a “Hold” rating on the company's stock, setting a price objective of $32.00. The analyst's rating is backed by a combination of factors associated with Keurig Dr Pepper Inc. (NASDAQ:KDP)'s recent strategic moves and financial adjustments. TD Cowen Maintains Hold Rating on Keurig Dr Pepper (KDP) Stock As per the analyst, the involvement of Apollo and KKR in significant investments via JV and convertible preferred stock brings in some complexity. While such investments can offer returns and manage financial leverage without the excessive shareholder dilution, the analyst added that the long-term impact is uncertain. Keurig Dr Pepper Inc. (NASDAQ:KDP)'s proactive approach in addressing the investor concerns and governance issues is well-appreciated. However, the analyst's “Hold” rating exhibits a balanced view of potential risks and rewards. Keurig Dr Pepper Inc. (NASDAQ:KDP) announced a binding commitment letter and term s Show less Read more
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