Goldman Sachs Maintains Buy on PepsiCo (PEP)

Goldman Sachs is out with its report today on PepsiCo PEP, maintaining Buy. In a note to clients, Goldman Sachs writes, "We forecast another quarter of solid growth in Europe/UK and MEAA, with double-digit sales growth. However, we expect only mid-single-digit profit growth as PEP continues to invest in infrastructure and brand marketing." At the time of posting, shares of PEP were trading pre-market at $65.70, down 0.05% from Friday's close.