PepsiCo shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and announced a $190 price target.
Portfolio Pulse from Benzinga Newsdesk
PepsiCo's stock (PEP) is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a new price target set at $190.
March 18, 2024 | 2:55 pm
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POSITIVE IMPACT
PepsiCo's stock received a positive outlook from Morgan Stanley, upgrading it to Overweight and setting a price target of $190.
The upgrade from Equal-Weight to Overweight by a major financial institution like Morgan Stanley indicates a strong bullish sentiment towards PepsiCo's stock. The new price target of $190 suggests a significant upside potential from current levels, which can attract more investors to the stock, potentially driving its price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100