Morgan Stanley Maintains Equal-Weight on PepsiCo, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has maintained an Equal-Weight rating on PepsiCo (NASDAQ:PEP) but lowered the price target from $210 to $190.
October 11, 2023 | 2:43 pm
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Morgan Stanley has maintained an Equal-Weight rating on PepsiCo but lowered the price target from $210 to $190.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of PepsiCo in the short term as it indicates a lower valuation of the company. However, the maintenance of the Equal-Weight rating suggests that the analyst still sees the stock as fairly valued.
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