Run, Fly or Swim into Summer Adventures with Frito-Lay 2 Go and the Association of Zoos and Aquariums

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Jefferies Reiterates Buy on Pepsi (PEP) Following 2Q Results - PT to $124

July 8, 2016 9:09 AM EDT

Jefferies reiterated a Buy rating on Pepsico (NYSE: PEP), and raised the price target to $124.00 (from $119.00), following the company's 2Q earnings report. PEPs $1.35 in 2Q EPS came in 4% ahead of Street estimates.

Analyst Kevin Grundy commented, "We continue to recommend PEP... More