Deutsche Bank Cuts Keurig Dr Pepper (KDP) Price Target by $6

Deutsche Bank has lowered its price target for Keurig Dr Pepper (KDP) from $34 to $28, while maintaining a Hold rating on the stock. The decision stems from reported “legitimate and widespread pressures” on the Consumer Packaged Goods sector due to Middle East conflicts, heightened cost inflation, potential demand destruction, and adverse currency fluctuations. KDP recently raised billions in debt to finance its acquisition of JDE Peet’s N.V.