Jefferies raises Keurig Dr Pepper PT on strong US beverage business
** Jefferies raises beverage maker Keurig Dr Pepper's KDP.O PT to $42 from $39, citing strong beverage business in the U.S.
** Brokerage expects continued momentum in U.S. refreshment beverages business, and an increase in its growth estimate for the company's Q3 sales in the segment to 5.3% vs Wall Street estimates of 4.8%
** Adds that it sees accelerated growth in U.S. soft drinks segment, driven by strength in brands like Canada dry
** Maintains "buy" rating, new PT represents 14% premium to stock's last close of $36.92
** J.P. Morgan also raises PT to $41 from $38
** Keurig Dr Pepper is scheduled to report third-quarter results on Oct. 24
** Nine of 19 brokerages rate the stock "buy" or "higher" and 10 "hold"; their median PT is $40.50 - LSEG
** Including session moves, stock up nearly 11% YTD
Reporting by Anuja Bharat Mistry in Bengaluru
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