Piper Sandler Sees Strong Momentum in Keurig Dr Pepper (KDP) Stock
Keurig Dr Pepper Inc. (NASDAQ:KDP) ranks among the most undervalued NASDAQ stocks to buy now. On September 17, Piper Sandler maintained its Overweight rating on Keurig Dr Pepper Inc. (NASDAQ:KDP) but reduced its price target from 35. Following the acquisition of JDEP, Piper Sandler expressed worries regarding KDP’s post-acquisition leverage, which the firm predicts will result in the company’s pro-forma leverage reaching around 5.2x by the end of 2026 and then dropping to roughly 4.3x by the end of ...