Whats Behind Mixed Ratings on PepsiCo, Inc. (PEP) in Wall Street

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News Source : Yahoo Entertainment

News Summary

  • On April 8, JPMorgan reiterated an Overweight rating on PepsiCo stock (NASDAQ:PEP) but lowered the price target to $172 from $176.
  • The price target cut is in response to the company maintaining its 2026 organic sales growth at 2.5%.
  • On the other hand, the investment bank lowered the company’sorganic sales growth to 3.1% from 3.3%.
  • The research firm expects the company to deliver earnings per share of $1.53 and $8.60 for the full year.
PepsiCo stock (NASDAQPEP) is one of the top consumer defensive stocks to buy now. On April 8, JPMorgan reiterated an Overweight rating on PepsiCo stock (NASDAQPEP) but lowered the price target to $ [+1572 chars]

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