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Credit Suisse downgrades PepsiCo after blowout earnings report on valuation concern

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New for subscribers: Credit Suisse downgrades PepsiCo after blowout earnings report on valuation concern. Check out CNBCPro today.

Justin Sullivan | Getty Images A strong second quarter report won't be enough to drive PepsiCo's stock higher in the months ahead, according to Credit Suisse.

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