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

|By:, SA News Editor

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."