JP Morgan Maintains Overweight on PepsiCo, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on PepsiCo (NASDAQ:PEP) but lowered the price target from $188 to $185.
October 11, 2023 | 7:39 pm
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JP Morgan has maintained an Overweight rating on PepsiCo but lowered the price target from $188 to $185.
The news is directly about PepsiCo and its stock price. JP Morgan's decision to maintain an Overweight rating indicates a positive outlook for the company, but the lowering of the price target may cause some uncertainty among investors, potentially impacting the stock price in the short term.
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