Credit Agricole Upgrades PepsiCo (PEP) from Underperform to Outperform

June 27, 2011 9:06 AM EDT
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Price: $138.49 --0%

Rating Summary:
    15 Buy, 20 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 21 | New: 8
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An analyst at Credit Agricole upgraded shares of PepsiCo (NYSE: PEP) by two notches from Underperform to Outperform Monday morning. The firm's price target was raised from $74 to $81.

With Pepsi shares closing Friday's session at $68.45, Credit Agricole's new price target represents potential upside of about 18 percent.

For more ratings news on Pepsico click here and for the rating history of Pepsico click here.


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