A new trade entered today in PepsiCo Stock (PEP) thanks to a downgrade from Goldman Sachs (GS).
In a note to clients the company analyst explained: “With KO (Coca-Cola) organic growth profile improving (4+% organic sales growth in 2018) and PEP (Pepsi) comparably soft (2-2.5%) we now view PEP shares as likely to underperform KO,”
That’s definitely a switch for the company considering they have continually not liked Coca Cola Stock (KO). They now have a target of $46 on Coca Cola Stock (KO) which is about 2.6% higher.
Premarket Coca Cola Stock (KO) shares were higher by 0.7% while PepsiCo Stock (PEP) was lower by 0.8%.
Goldman Sachs remains committed to Monster Beverage Stock (MNST) as their favorite pick in the “beverage” sector.
For members here are my trades this morning
These trade details are for FullyInformed Members.
PepsiCo Stock – Trade Alert Apr 17 2018
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