Deutsche Bank Trims Volume and CY13 Estimates on Coke (KO) and Pepsi (PEP)
Tweet
Share
E-mailGet Alerts KO Hot Sheet
Price: $60.17 +2.14%
Rating Summary:
20 Buy, 13 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
20 Buy, 13 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Deutsche Bank lowered volume growth estimates and EPS on Coke (NYSE: KO) and PepsiCo (NYSE: PEP). The firm is maintained a Buy on both with price targets of $42 and $75, respectively.
The firm lowered Coke 2013 volume growth to 3.5% (from 4.5%) as global CSD consumption continues to slow. They lowered CY13 EPS to $2.15 from $2.18 on lower volume and leverage.
The firm lowered PepsiCo volume to 2.3% (from 3.5%) on weak global consumption trends. They lowered CY13 EPS to $4.36 from $4.41 on lower volume and leverage.
The firm lowered Coke 2013 volume growth to 3.5% (from 4.5%) as global CSD consumption continues to slow. They lowered CY13 EPS to $2.15 from $2.18 on lower volume and leverage.
The firm lowered PepsiCo volume to 2.3% (from 3.5%) on weak global consumption trends. They lowered CY13 EPS to $4.36 from $4.41 on lower volume and leverage.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Comerica (CMA) PT Raised to $54 at Piper Sandler
- London Stock Exchange Group Plc. (LSEG:LN) (LNSTY) PT Raised to GBP88 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ChangeRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
