Skip to main content
Publish date:

Coke, Pepsi Upgraded

Goldman puts them at buy.

Coke (KO) - Get Coca-Cola Company Report and Pepsi (PEP) - Get PepsiCo, Inc. Report were upgraded Friday at Goldman Sachs.

The firm upgraded both stocks to buy from neutral. The move comes two days after Coke beat fourth-quarter earnings targets.

Goldman cited Coke's solid earnings and expectations of strong Gatorade sales at Pepsi for the upgrades.

TheStreet Recommends