IBM (IBM) initiated with Buy at Goldman; target $200
Procter & Gamble (PG) initiated with Outperform at Exane BNP Paribas; target $187
Coca-Cola (KO) initiated with Outperform at Exane BNP Paribas; target $72
PepsiCo (PEP) initiated with Neutral at Exane BNP Paribas; target $174