PepsiCo profit beats expectations on North American demand; stock rises
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Jefferies Reiterates Buy on Pepsi (PEP) Following 2Q Results - PT to $124
July 8, 2016 9:09 AM EDTJefferies 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
