PepsiCo margin slip clouds profit beat, North America beverage rebound
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Pepsico (PEP) PT Lowered to $116 at Deutsche Bank Following 3Q
October 3, 2018 8:14 AM EDTDeutsche Bank analyst Steve Powers lowered the price target on Pepsico (NASDAQ: PEP) to $116.00 (from $118.00) while maintaining a Hold rating following 3Q report. Organic growth of +5% came in ahead of expectations (DB +4.1%/Street +3.2%), driven by robust emerging market results. Organic growth for FLNA (+3%) and... More
Pepsico (PEP) PT Lowered to $116 at Citi Following 3Q
October 3, 2018 7:55 AM EDTCiti analyst Wendy Nicholson lowered the price target on Pepsico (NASDAQ: PEP) to $116.00 (from $118.00) while maintaining a Neutral rating following 3Q. PEP reported EPS of $1.59, which was two cents above consensus, driven by slightly higher-than-expected net sales growth and a much... More
