US: Lehman raises Pepsi rating
By just-drinks.com editorial team | 25 July 2002
Investment bank Lehman Brothers has increased its rating of PepsiCo from "buy" to "strong buy", with its analyst Michael Branca pointing to the company's "compelling valuation." "In our view, the compelling valuation presents an excellent opportunity to aggressively step back into the shares of this premier consumer staple company," Branca said in a research note.
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Investment bank Lehman Brothers has increased its rating of PepsiCo from "buy" to "strong buy", with its analyst Michael Branca pointing to the company's "compelling valuation." "In our view, the compelling valuation presents an excellent opportunity to aggressively step back into the shares of this premier consumer staple company," Branca said in a research note.
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