Market Overview

UPDATE: Credit Suisse Initiates Dr. Pepper Snapple Group at Neutral on Lack of Catalysts

Related DPS
Will Diet Pepsi's Switch From Aspartame To Sucralose Boost Pepsi's Stock?
Keurig Tumbles: What Did the CEO Say About Keurig Kold?
Goldman Adds Dr Pepper Snapple to its Dividend Basket (GuruFocus)

In a report published Wednesday, Credit Suisse analyst Michael Steib initiated coverage on Dr. Pepper Snapple Group (NYSE: DPS) with a Neutral rating and $50.00 price target.

In the report, Credit Suisse noted, “Substantial investments have allowed the company to catch up with peers after years of underinvestment. DPS's exposure to non-cola CSDs is a positive but since ~90% of the company's overall portfolio is in CSDs, overall volume growth remains elusive. DPS is trading at a 22% P/E discount to peers vs a long-term average of 15%; however, we do not see a catalyst for DPS to rerate for now.”

Dr. Pepper Snapple Group closed on Tuesday at $47.43.

Latest Ratings for DPS

Apr 2015BMO CapitalMaintainsMarket Perform
Apr 2015CitigroupMaintainsNeutral
Apr 2015JefferiesMaintainsHold

View More Analyst Ratings for DPS
View the Latest Analyst Ratings

Posted-In: Credit Suisse Michael SteibAnalyst Color Initiation Analyst Ratings


Related Articles (DPS)

Around the Web, We're Loving...