CFRA Downgrades Pepsico (PEP) to Buy on 'near-term concerns related to slowing earnings growth'
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PepsiCo (PEP) raised to buy as Citi sees a good set-up
February 12, 2024 7:20 AM ESTPepsiCo (NASDAQ: PEP) shares were raised to Buy from Neutral at Citi on Monday, with analyst Filippo Falorni raising the price target to $195 from $180 per share.
Faloni told investors that his firm believes the lowered 2024 organic sales growth (OSG) bar... More
Deutsche Bank Cautious on Pepsico (PEP), 'Waiting Game'
February 12, 2024 5:21 AM ESTDeutsche Bank analyst Steve Powers reiterated a Hold rating and $184.00 price target on Pepsico (NASDAQ: PEP).
The analyst comments "A weaker finish to FY23 (which confirmed the known deceleration in FLNA/PBNA and discrete challenges from the QFNA recall), together with reduced organic growth guidance in FY24 (now 4%+ vs. 6% prior), contributed to market skepticism today (given a back-half skew of PEP's outlook and PEP's commentary around a current slowdown in food/beverage category growth in the US). In all, this resulted in PEP's shares underperforming the market by -4 pts (-3.6%... More
Citi Upgrades Pepsico (PEP) to Buy, 'Lowered FY’24 OSG Bar Creates Good Set-Up'
February 12, 2024 5:08 AM ESTCiti analyst Filippo Falorni upgraded Pepsico (NASDAQ: PEP) from Neutral to Buy with a price target of $195.00 (from $180.00).
The analyst comments "Were upgrading PepsiCo (PEP) to Buy from Neutral. PEP has been a heavily debated stock over the last six months after... More
Goldman Sachs First Take on Pepsico (PEP) Q4 2023 Earnings: 'we think the stock will likely underperform today'
February 9, 2024 8:33 AM ESTGoldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $200.00 price target on Pepsico (NASDAQ: PEP).
The analyst comments "Our View - PEP reported mixed Q4 results, with slightly softer topline growth that was more than offset by healthy gross margin expansion, leading to a... More
