Barclays Maintains Overweight on PepsiCo, Lowers Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Overweight rating on PepsiCo (NASDAQ:PEP) but has reduced the price target from $181 to $179.
January 16, 2024 | 5:49 pm
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Barclays has maintained an Overweight rating on PepsiCo but lowered the price target from $181 to $179.
The reduction in price target is minor and suggests a slight adjustment in valuation rather than a significant change in company outlook. The Overweight rating indicates that Barclays still has a positive view on PepsiCo's stock, which may balance out the impact of the reduced price target on investor sentiment.
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IMPORTANCE 75
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