01:00 PM EDT, 10/27/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $2 to $34, based on a 2026 P/E of 15.8x, a justified discount to larger soft drink peers. We maintain our EPS estimates of $2.05 for '25, $2.15 for '26, and introduce '27 at $2.30. Following KDP's Q3 earnings release and update on its pending acquisition of Dutch coffee and tea company JDE Peet's, we are raising our price target on the shares but maintaining a Hold opinion. KDP shares had plummeted by more than 20% since the late August announcement of the $23B acquisition, reflecting investor concerns regarding the size of the deal, post-deal leverage ratios, and the volatility of coffee results, but this morning's announcements are assuaging these concerns, prompting a relief rally. In addition to Q3 earnings, KDP announced that it had secured $7B of total funding from private equity giants Apollo and KKR. We continue to have concerns that the deal will act as an overhang in the near-term and still view it as a better deal for JDE Peet's shareholders than KDP.