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Confirming earlier chatter, Goldman removes Pepsi (PEP -1%) from its Conviction Buy list and...

Confirming 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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