Dr Pepper Snapple Group Now Rated a “Buy” at UBS (DPS)

in Gold Gold Investing by admin — March 11, 2010 7:05 am | no comments

Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) was upgraded to “Buy” on Thursday by analysts at UBS. The analyst also set a $42 price target on DPS shares, which had closed at $33.65 on Wednesday. In addition, UBS said it raised its earnings estimates for the company, citing strong fundamentals and future share buybacks. Dr Pepper Snapple Group shares rose 55 cents, or +1.6%, in premarket trading Thursday. The Bottom Line We have been recommending shares of DPS since Nov.20, when the stock was trading at $26.69. The company has a 1.78% dividend yield, based on last night’s closing stock price of $33.65. Dr Pepper Snapple Group Inc. ( DPS ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .