Keurig Dr Pepper Inc. (KDP) was downgraded by Barclays to ‘Equal Weight’ from ‘Overweight’ on September 24, with a price target cut to $26 from $39. The move comes as KDP undergoes a restructuring effort to improve its prospects, which Barclays believes could take time to show positive results.

Analysts at Barclays see the restructuring as a positive move for KDP in the medium term, despite acknowledging the complexity it may bring in the near term. The research firm believes that there may not be any immediate positive catalysts, as the effects of the restructuring will unfold over time.

Keurig Dr Pepper Inc. (NASDAQ:KDP) is a prominent North American beverage company known for its diverse range of hot and cold beverages, which includes soft drinks, specialty coffees, water, and juices. With a strong sales and distribution network, KDP boasts a portfolio of over 125 brands.

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Read more at Yahoo Finance: Keurig Dr Pepper Inc. (KDP) Rated ‘Equal Weight’ at Barclays Amid Restructuring Drive