NEW YORK (TheStreet) -- Jefferies raised its price target on Dr Pepper Snapple  (DPS) stock to $96 from $91 on Monday. 

The Plano, TX-based beverage company is likely to report a strong 2015 fourth quarter before the market open on February 10, Jefferies said.

The firm projects that the company will report earnings of $1 per share, which is 2% higher than consensus estimates.

Dr Pepper Snapple has beaten the Street's earnings estimates by an average of 7 cents during the last 11 quarters, the firm added. 

However, Jefferies maintained its "hold" rating on the stock and recommended waiting for a better entry point on the stock. 

Dr Pepper Snapple stock closed up 0.51% to $91.01 on Monday.

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of A+. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: DPS

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