Dr Pepper Snapple’s Target, Estimates Cut at Goldman Sachs (DPS)


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Beverage producer Dr Pepper Snapple Group Inc. ( DPS ) on Friday saw its price target and earnings estimates lowered by analysts at Goldman Sachs.

The firm said it maintained its "Neutral" rating on DPS, but cut its price target from $41 to $39. That new target implies a smaller 9% upside to the stock's Thursday closing price of $35.67.

Goldman also lowered its earnings estimates for the company through 2012, citing higher expected input costs.

Dr Pepper Snapple shares fell 17 cents, or -0.5%, in early trading Friday.

The Bottom Line
Shares of Dr. Pepper Snapple Group ( DPS ) have a 2.80% dividend yield, based on last night's closing stock price of $35.67. The stock has technical support in the $32 price area. If the shares can firm up, we see overhead resistance around the $38-$40 price levels.

Dr Pepper Snapple Group Inc. ( DPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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