JP Morgan Maintains Neutral on PepsiCo, Raises Price Target to $181
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains a Neutral rating on PepsiCo (NASDAQ:PEP) and raises the price target from $178 to $181.
April 24, 2024 | 3:05 pm
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NEUTRAL IMPACT
JP Morgan analyst Andrea Teixeira maintains a Neutral rating on PepsiCo and raises the price target from $178 to $181.
The adjustment in price target by JP Morgan reflects a slightly more optimistic outlook on PepsiCo's valuation, though the Neutral rating indicates that the analyst does not see significant upside or downside in the near term. This could lead to a neutral short-term impact on PepsiCo's stock price as the market digests this information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100