Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the best buy-the-dip stocks to buy, according to analysts. On September 24, analysts at Barclays downgraded the stock to an ‘Equal Weight’ from an ‘Overweight.’ The investment bank also cut the price target to $26 from $39.
Copyright:
dmitrymoi / 123RF Stock Photo
The downgrade comes as the beverage giant undertakes a restructuring effort to shore up its prospects. While a positive drive, Barclays is concerned that the restructuring could take time to have a positive impact. The price cut, according to the research firm, is not a dismissal of the restructuring drive but rather affirms the heightened complexity in the company’s narrative in the near term.
“Over the medium term, we’re inclined to think this reshuffling of assets will prove to be the right move (putting aside the controversial mechanics of how we get there). We struggle to think of new information that could serve as an outright positive catalyst as there will be plenty to bear out over time,” the analysts wrote.
Keurig Dr Pepper Inc. (NASDAQ:KDP) is a leading North American beverage company that offers a wide range of both hot and cold beverages, including soft drinks, specialty coffees, water, and juices. It operates a robust sales and distribution network and owns a substantial portfolio of over 125 brands.
While we acknowledge the potential of KDP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Beaten Down Technology Stocks to Buy According to Analysts and 11 Best Growth Stocks to Buy and Hold Forever.
Disclosure: None. This article is originally published at Insider Monkey.