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Fly News Breaks for October 7, 2015
PEP
Oct 7, 2015 | 07:13 EDT
Stifel says that Pepsi's organic Q3 growth, excluding price increases spurred by hyperinflation in Venezuela, came in at 4%+. The firm thinks the company's Q3 growth was "solid." The firm expects consensus estimates for the company's North America beverages business to continue to rise. It trimmed its price target on PepsiCo to $106 from $110 but keeps a Buy rating on the shares.
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