Market Currents
Confirming earlier chatter, Goldman removes Pepsi (PEP -1%) from its Conviction Buy list and...
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Monday, July 25, 2011, 8:56 AM ETConfirming earlier chatter, Goldman removes Pepsi (PEP -1%) from its Conviction Buy list and cuts the stock to Neutral. The stock has lagged the S&P and Goldman is lowering its EPS estimate to reflect "a lower profit outlook in Pepsi Americas Beverages on weaker price realization."
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