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Following Thursday's weak Q3 earnings report, Goldman nixes PepsiCo (PEP) from its Conviction...
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Friday, October 8, 2010, 12:38 PM ETFollowing Thursday's weak Q3 earnings report, Goldman nixes PepsiCo (PEP) from its Conviction Buy list, saying weak consumer spending will limit near-term upside. But Barron's sees yesterday's 3% drop as a buying opportunity, predicting Pepsi's new focus on nutrition will appeal to health-minded shoppers.
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