---
title: "This Keurig Dr Pepper Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289589727.md"
description: "Wall Street analysts initiated coverage on several companies this Friday. Bernstein's Cristian Rios started Keurig Dr Pepper (KDP) with an Outperform rating and a $38 price target, while also covering PepsiCo (PEP) with Market Perform and a $143 target. Other initiations include Evercore ISI's In-Line rating for Octave Intelligence (OCTV) at $20, Roth Capital's Buy rating for Fervo Energy (FRVO) at $45, and B of A Securities' Buy rating for Avalo Therapeutics (AVTX) at $35."
datetime: "2026-06-12T11:10:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289589727.md)
  - [en](https://longbridge.com/en/news/289589727.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289589727.md)
---

# This Keurig Dr Pepper Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

-   Bernstein analyst Cristian Rios initiated coverage on **PepsiCo Inc** (NASDAQ:PEP) with a Market Perform rating and announced a price target of $143. PepsiCo shares closed at $143.73 on Thursday. See how other analysts view this stock.
-   Evercore ISI Group analyst Kirk Materne initiated coverage on **Octave Intelligence PLC** (NASDAQ:OCTV) with an In-Line rating and announced a price target of $20. Octave Intelligence shares closed at $18.33 on Thursday. See how other analysts view this stock.
-   Roth Capital analyst Justin Clare initiated coverage on **Fervo Energy** (NASDAQ:FRVO) with a Buy rating and announced a price target of $45. Fervo Energy shares closed at $34.64 on Thursday. See how other analysts view this stock.
-   B of A Securities analyst Alec Stranahan initiated coverage on **Avalo Therapeutics Inc** (NASDAQ:AVTX) with a Buy rating and announced a price target of $35. Avalo Therapeutics shares closed at $13.67 on Thursday. See how other analysts view this stock.
-   Bernstein analyst Cristian Rios initiated coverage on **Keurig Dr Pepper Inc** (NASDAQ:KDP) with an Outperform rating and announced a price target of $38. Keurig Dr Pepper shares closed at $31.23 on Thursday. See how other analysts view this stock.

Considering buying KDP stock? Here’s what analysts think:

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### Related Stocks

- [PEP.US](https://longbridge.com/en/quote/PEP.US.md)
- [AVTX.US](https://longbridge.com/en/quote/AVTX.US.md)
- [KDP.US](https://longbridge.com/en/quote/KDP.US.md)
- [FRVO.US](https://longbridge.com/en/quote/FRVO.US.md)
- [OCTV.US](https://longbridge.com/en/quote/OCTV.US.md)

## Related News & Research

- [Keurig Dr Pepper (KDP) Gets a Hold from Evercore ISI](https://longbridge.com/en/news/289603306.md)
- [Keurig Dr Pepper (KDP) Shake-Up as Backer JAB Exits Entire Stake for $3.4B](https://longbridge.com/en/news/289572261.md)
- [JAB Sells Remaining Stake in Keurig Dr Pepper | KDP Stock News](https://longbridge.com/en/news/289518385.md)
- [A Look At Keurig Dr Pepper (KDP) Valuation After Its Recent Share Price Momentum](https://longbridge.com/en/news/289441439.md)
- [Fiera Capital Corp Sells 264,736 Shares of PepsiCo, Inc. $PEP](https://longbridge.com/en/news/289021646.md)