Barclays Maintains Overweight on PepsiCo, Lowers Price Target to $198
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman maintains an Overweight rating on PepsiCo (NASDAQ:PEP) but lowers the price target from $206 to $198.

July 10, 2023 | 2:42 pm
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Barclays has maintained an Overweight rating on PepsiCo but lowered the price target from $206 to $198.
While the Overweight rating indicates that Barclays expects PepsiCo's stock to outperform, the lowering of the price target could create some uncertainty among investors. However, as the rating remains positive, the overall impact on the stock is expected to be neutral in the short term.
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IMPORTANCE 80
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