Barclays has lowered its price target on Keurig Dr Pepper Inc. (NASDAQ:KDP) to $37 from $38, maintaining an Overweight rating. The revision follows investor meetings, where Barclays updated its financial model based on new insights. The company is viewed as well-positioned in the beverage sector, with stable fundamentals and a balanced portfolio.

Management at Keurig Dr Pepper remains focused on execution, particularly on pricing strategies, innovation, and supply chain efficiency. The company has shown an ability to adapt to changing consumer preferences and protect margins. The updated model incorporates refined assumptions around volume trends and promotional activity.

Despite the trimmed target, Barclays sees potential for upside due to brand strength and disciplined capital deployment. Keurig Dr Pepper shares were little changed in Monday trading as investors considered the revised outlook against market conditions and sector-specific headwinds. While KDP is viewed as a solid investment, some AI stocks may offer greater upside potential with less downside risk.

Read more at Yahoo Finance: Barclays Trims Keurig Dr Pepper (KDP) Price Target, Maintains Overweight Rating