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Jefferies Continues to Recommend Pepsico (PEP) Following Solid Q4; PT to $110

February 12, 2016 7:31 AM EST

Jefferies analyst Kevin Grundy reiterated a Buy rating and bumped his price target on Pepsico (NYSE: PEP) to $110.00 (from $100.00) following solid Q4 results.

Grundy commented, "We continue to recommend PEP following solid 4Q results. Despite the difficult global macro, the co.... More