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Fly News Breaks for February 14, 2020
KO, PEP
Feb 14, 2020 | 08:08 EDT
Guggenheim analyst Laurent Grandet said some investors will view PepsiCo's (PEP) 2020 sales and EPS growth guidance as "slightly disappointing," especially relative to the view given by Coca-Cola (KO). While he remains positive on the company's turnaround, Grandet keeps a Neutral rating and $138 price target on Pepsi shares, citing continued share losses in the highly-profitable Carbonated Soft Drinks segment and the recent deceleration of Frito-Lay in the U.S.
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