Morgan Stanley Downgrades PepsiCo to Equal-Weight, Maintains Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded PepsiCo from Overweight to Equal-Weight, while maintaining the price target at $185.
September 20, 2024 | 12:07 pm
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NEUTRAL IMPACT
Morgan Stanley has downgraded PepsiCo from Overweight to Equal-Weight, maintaining the price target at $185. This suggests a neutral stance on the stock's potential performance.
The downgrade from Overweight to Equal-Weight indicates a shift from a positive to a neutral outlook on PepsiCo's stock. However, the maintained price target suggests no expected significant change in stock value. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100