TD Cowen Maintains Buy on PepsiCo, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Robert Moskow maintains a Buy rating on PepsiCo (NASDAQ:PEP) but lowers the price target from $200 to $190.
July 03, 2024 | 3:37 pm
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TD Cowen analyst Robert Moskow maintains a Buy rating on PepsiCo but lowers the price target from $200 to $190.
The maintained Buy rating suggests continued confidence in PepsiCo's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100