Deutsche Bank Starts Pepsico (PEP) at Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/14/2026

1. USO
2. SPY
3. QTTB
4. BIIB
5. AAPL
6. ERAS
7. PSKY
8. JPM
9. MU
10. SPCX

October 28, 2011 7:28 AM EDT
Get Alerts PEP Hot Sheet
Price: $138.49 +0.81%

Rating Summary:
    15 Buy, 20 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 11 | New: 1
Join SI Premium – FREE
Deutsche Bank initiates coverage on Pepsico (NYSE: PEP) with a Buy rating and $70 price target, suggesting 11% upside.

The firm said even with US and Euro trends soft, macro challenges and cost inflation, relative growth potential remains compelling and risk-adjusted valuation is reasonable.

"Pepsi's consensus numbers for 2012 are too high to support reinvestment, but change is afoot, management is being reshuffled, snacks and beverage combination is being questioned (but defended by management) and valuation looks compelling."

For more ratings news on Pepsico click here and for the rating history of Pepsico click here.

Shares of Pepsico closed at $62.32 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Deutsche Bank