UBS Raises Price target on Pepsi (PEP) Following 3Q EPS Beat
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October 6, 2015 5:26 PM EDT
Market wrap for October 6th
End of the Day: S&P 500 down 7.1 to 1,979.92; Dow Jones up 13.8 to 16,790.19; Nasdaq down 32.9 to 4,748.36
Market Brief: U.S. markets mostly pared some gains following a several-session streak, led by weakness out of the healthcare sector.
The IMF cut its global growth outlook for 2015 and 2016 by about 0.2 percentage points apiece.
Adobe issued light FY16 guidance after markets closed, sending the stock lower.
Skyworks and PMC-Sierra announced a late-Monday merger deal.
AmerisourceBergen moved to acquire PharMEDium... More
October 6, 2015 2:14 PM EDT
Cowen reiterated an Outperform rating on Pepsico (NYSE: PEP), and raised the price target to $108.00 (from $103.00), following the company's 3Q15 earnings call. PEP's 3Q15 EPS call focused on productivity. In 3Q15, North America Beverages were up a robust 3%, reflecting the benefits of PEP's diversified... More
October 6, 2015 9:23 AM EDT
PMC-Sierra, Inc. (NASDAQ: PMCS) 34% HIGHER; Skyworks Solutions, Inc. (NASDAQ:... More
October 6, 2015 7:40 AM EDT
By Noel Randewich
(Reuters) - U.S. stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings.
A surge in DuPont's (NYSE: DD) stock helped keep the Dow Jones industrial average in positive territory but the S&P 500 and Nasdaq lost ground, with a sharp drop in biotech stocks.
The S&P health index lost 2.33 percent, the worst performer among the ten major S&P sectors. The sector has been under intense scrutiny over high drug... More
October 6, 2015 6:30 AM EDT
(Updated - October 6, 2015 6:35 AM EDT)
Pepsi (NYSE: PEP) reported Q3 EPS of $1.35, $0.09 better than the analyst estimate of $1.26. Revenue for the quarter came in at $16.3 billion versus the consensus estimate of $16.22 billion.
"We are pleased with our performance for the third quarter of 2015. Despite ongoing volatility in many of our key international markets, we delivered... More
October 5, 2015 2:42 PM EDT
The Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Trade Balance - Street sees ($44.5B)
Earnings:
Pepsi (NYSE: PEP) - consensus EPS... More
