Pepsi Stock Upgraded to Buy
On June - 30 - 2009
Stifel Nicolaus & Co. analyst Mark Swartzberg upgraded shares of PepsiCo and Pepsi Bottling to “buy” from “hold” and offered initial 12-month target share prices for the companies. He told clients in a note Monday he set a 12-month target for shares of Purchase, N.Y.-based PepsiCo of $64, while he expects Pepsi Bottling’s shares to reach $37. PEP
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