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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100