Barclays Maintains Overweight on PepsiCo, Lowers Price Target to $154
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Overweight rating on PepsiCo (NASDAQ:PEP) but lowered the price target from $166 to $154.
October 12, 2023 | 7:10 pm
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Barclays has maintained an Overweight rating on PepsiCo but lowered the price target from $166 to $154.
The news is directly about PepsiCo and is likely to impact its stock. While the Overweight rating is positive, the lowering of the price target might create some uncertainty among investors, potentially leading to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100