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Add as a preferred source on GooglePiper Sandler Upgrades Keurig Dr Pepper Ahead of Planned Business Split
The analyst firm raised the beverage company’s rating to Overweight as it prepares to separate its beverage and coffee businesses.
Keurig Dr Pepper shares moved higher Wednesday after Piper Sandler upgraded the company to Overweight, ahead of a planned split into separate beverage-focused and coffee-focused businesses.
The planned separation would divide the company’s beverage and coffee operations into two businesses. The upgrade puts Piper Sandler’s rating on Keurig Dr Pepper at Overweight.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.