UBS Warburg Cuts Pepsi Bottling Estimates

Analyst Caroline Levy thinks Coca-Cola Enterprises is a superior play in the bottling group

Pepsi Bottling Group (PBG ) lowered earnings per share guidance to 12 cents to 14 cents for the first quarter and $1.61 to $1.67 for all of 2003. UBS Warburg cut its estimates.

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