Pepsi (PEP) Tops Q1 EPS by 4c

Go back to Pepsi (PEP) Tops Q1 EPS by 4c

Pepsico (PEP) Remains Buy-Rated at Jefferies Post Q1

April 24, 2015 9:03 AM EDT

Jefferies analyst Kevin Grundy reiterated a Buy rating but trimmed his price target on Pepsico (NYSE: PEP) to $110.00 (from $112.00) following Q1 results.

Grundy commented, "We continue to recommend PEP following strong underlying 1Q results, although we are trimming our FY15-17 EPS... More