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Actionable news in DPS: DR PEPPER SNAPPLE GROUP Inc,

Dr Pepper Snapple (DPS) Stock Price Target Boosted at Barclays

NEW YORK (TheStreet) -- Dr Pepper Snapple Group's (DPS - Get Report) price target was raised to $94 from $88 at Barclays, which also maintained its "equal weight" rating.

The new price target comes after the Plano, TX-based beverage company reported better-than-expected results for the 2016 first quarter yesterday.

The company posted adjusted earnings of 94 cents per share, above analysts' estimates of 86 cents per share. Revenue came in at $1.49 billion, exceeding expectations of $1.47 billion.

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