Investing.com — Piper Sandler initiated protection on soda shares, score PepsiCo (NASDAQ:), Coca-Cola (NYSE:) “obese,” and Impartial on Keurig Dr Pepper (NASDAQ:).
Keurig Dr Pepper obtained a $35 worth goal, as analyst cited headwinds from rising espresso bean prices and weak gross sales momentum. Whereas bullish on the Ghost model’s progress potential, Piper stays cautious about pricing alternatives amid record-high espresso enter prices.
PepsiCo bought $171 goal. Piper famous challenges from client pushback on excessive costs and unsure 2025 steering however highlighted Frito-Lay’s potential rebound and productiveness financial savings as key positives.
“A lot uncertainty appears to be like priced in already, and we imagine that Frito-Lay, arguably the very best international meals enterprise, can return to kind over time,” Piper analyst wrote.
Value goal on Coca-Cola was set at $74. Analyst famous its sturdy manufacturers, execution, and rising market progress alternatives, noting important whitespace potential and top-tier promoting spending relative to friends.
“KO’s portfolio advantages from engaging international beverage class progress charges and sustainable share beneficial properties. It has whitespace alternative in rising markets the place it has important publicity. KO has spectacular model spending with the very best promoting expense as a % of gross sales,” analyst added.
