TD Cowen Downgrades PepsiCo to Hold, Lowers Price Target to $183
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded PepsiCo from Buy to Hold and reduced its price target from $190 to $183, indicating a more cautious outlook on the stock.
October 10, 2024 | 3:35 pm
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TD Cowen analyst Robert Moskow has downgraded PepsiCo from Buy to Hold and lowered the price target from $190 to $183, suggesting a more cautious stance on the stock.
The downgrade from Buy to Hold and the reduction in the price target from $190 to $183 by TD Cowen indicates a less optimistic view on PepsiCo's stock performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations based on the analyst's revised outlook.
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