Following Thursday's weak Q3 earnings report, Goldman nixes PepsiCo (PEP) from its Conviction...

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

Following 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.