By Davit Kerakossian
Shares of Keurig Dr Pepper Inc (NASDAQ 🙂 fell 3.5% today after Goldman Sachs (NYSE:) shares fell to neutral from buying and lowered their target price to $37.00 from $39.00. Analysts now see more balanced risks/returns given their expectations that brewer penetration begins to normalize, pod attachment rates are moderating and that the company’s bottled beverage business growth and market share gains begin to slow in this environment.
UBS of CSX Corporation (NASDAQ 🙂 and Southern Norfolk Corporation (NYSE:) to Neutral from Buy and cut their target price to $31 (from $38) and $229 (from $282), respectively. According to analysts, the consensus estimates for 2023 look too high for US rail as the overall background deteriorates, with downward revisions expected from near-term industry and media related volume assumptions.
