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Pepsi Can Still Satisfy Despite What Earnings Reveal

2015-10-05 14:57:05| Beverages - Topix.net

But ahead of the company's third-quarter fiscal 2015 earnings results due out Tuesday before the opening bell, buying PepsiCo stock, which has outperformed its larger rival Coca-Cola Despite increasing concerns about obesity, pressuring PepsiCo's beverage business, shares of the New York-based company has a consensus buy rating and an average analyst 12-month price target of $108, implying some 17% gains from current levels of around $92. Why the implied confidence? Unlike Coca-Cola , PepsiCo has a business that is well diversified between beverages and salty snacks.

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