Linh2
2021-07-14
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Credit Suisse downgrades PepsiCo after blowout earnings report on valuation concern
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse downgrades PepsiCo after blowout earnings report on valuation concern\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 18:42 GMT+8 <a href=https://www.cnbc.com/2021/07/14/pepsico-pep-stock-downgrade-credit-suisse.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A strong second quarter report won’t be enough to drive PepsiCo’s stock higher in the months ahead, according to Credit Suisse.\nAnalyst Kaumil Gajrawala downgraded the stock to neutral from outperform...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/pepsico-pep-stock-downgrade-credit-suisse.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PEP":"百事可乐"},"source_url":"https://www.cnbc.com/2021/07/14/pepsico-pep-stock-downgrade-credit-suisse.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132348176","content_text":"A strong second quarter report won’t be enough to drive PepsiCo’s stock higher in the months ahead, according to Credit Suisse.\nAnalyst Kaumil Gajrawala downgraded the stock to neutral from outperform, saying in a note to clients on Wednesday that the stock’s valuation was nearly full despite the “remarkable” results.\nThe beverage and snack food company easily topped expectations for its second quarteron Tuesday, reporting $1.72 in adjusted earnings per share on $19.22 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.53 in earnings per share on $17.96 billion.\nThe stock rose 2.3% on the news, bringing its year-to-date gains to above 3%. While that performance trails the broader market, the move brings PepsiCo in line with its industry’s performance numbers.\nAdditionally, the company’s price-to-earnings ratio is above its five-year average, according to Credit Suisse.\n“Staples investors capitalized on Pepsi’s consistency, pandemic resilience, and early investments over the last 18mo, but [Tuesday]’s share reaction signals cooling sentiment,” the note said.\nCredit Suisse maintained its price target of $155 per share for the stock, which is just 1.3% above where the stock closed on Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":254,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/144951810"}
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