Pepsi (PEP) volatility decreases as shares rally on Q3 and raised guidance
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BMO Capital Reiterates Outperform on Pepsi (PEP) Following Solid 3Q
September 30, 2016 11:35 AM EDTBMO Capital reiterated an Outperform rating on Pepsico (NYSE: PEP), and raised the price target to $120.00 (from $116.00), following the company's 3Q earnings report. PEP exceeded or met consensus estimates for the 27th consecutive quarter. EPS was driven by solid organic sales growth, modest EBIT... More
Jefferies Cuts Price Target on Pepsi (PEP) to $122; Reiterates Buy
September 30, 2016 7:56 AM EDTJefferies maintained a Buy rating on Pepsico (NYSE: PEP), and cut the price target to $122.00 (from $124.00), following the company's 3Q earnings report. PEPs $1.40 in EPS came in 6% ahead of the Street's estimate on a strong topline 4.2% org sales vs. 2.7% estimates.
Analyst Kevin... More
