US: CSFB ups Pepsi rating

By | 9 February 2004

The investment bank Credit Suisse First Boston has raised its rating on soft drink producer PepsiCo to "outperform" from "neutral".

The move came after the world's second largest soft drink producer reported a fourth quarter earnings per share rise of over 30% to 51 Cents, with full year 2003 EPS up 21% to US$2.01.

Sectors: Soft drinks

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