© Reuters. Today’s most important rankings
By David Kirakosyan
Shares of Keurig Dr Pepper Inc (NASDAQ:) fell 3.5% today after Goldman Sachs (NYSE:) went from Buy to Neutral and lowered its price target to $37.00 from $39.00. Analysts now see a more balanced risk/reward as they expect that brewing household penetration begins to normalize, pod attachment rates moderate, and business growth in the junk food market. The company’s packaged drink and market share began to slow down in this environment.
CSX Corporation’s UBS (NASDAQ:) and Norfolk Southern Corporation (NYSE:) to Neutral from Buy and cut its price target to $31 (from $38) and to $229 (from $282), respectively. Consensus estimate for 2023 looks too high for US rails given the deteriorating macro backdrop, a downward revision from the associated volume assumptions is expected, according to analysts. industry and intermodal in the near future.