Jefferies Maintains Buy on PepsiCo, Raises Price Target to $209
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Kaumil Gajrawala maintains a Buy rating on PepsiCo (NASDAQ:PEP) and raises the price target from $199 to $209.
April 05, 2024 | 2:06 pm
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Jefferies analyst Kaumil Gajrawala maintains a Buy rating on PepsiCo and raises the price target from $199 to $209.
The upgrade in the price target by Jefferies reflects a positive outlook on PepsiCo's stock, suggesting an expectation of upward movement in the stock price in the short term. This is based on the analyst's assessment and the increase in the price target, which typically signals confidence in the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100