Bernstein Flags Energy Drinks as Engine for CPG Recovery; Picks Top Stocks to Watch
Bernstein analyst Cristian Rios views current weakness in consumer packaged goods as cyclical rather than structural and identifies functional beverages, led by energy drinks, as the primary growth avenue. The firm ranks a slate of CPG names, assigning Outperform ratings to Celsius Holdings and Keurig Dr. Pepper while assigning Market-Perform to a …