Goldman Sachs Ups Price Target on PepsiCo (PEP), But Remains On the Sidelines
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Price: $143.48 +0.99%
Rating Summary:
15 Buy, 20 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 20 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs raised its price target on Pepsico (NYSE: PEP) from $65 to $68 ahead of Q4 results on February 9th. However, the firm is keeping its Neutral rating.
The firm said that most expect the company to announce a sizable step-up in marketing spending. "While re-basing of 2012 EPS is widely anticipated, we see PEP remaining a “show-me story” until signs of improving market share performance in US beverages emerge."
For an analyst ratings summary and ratings history on Pepsico click here. For more ratings news on Pepsico click here.
Shares of Pepsico closed at $65.67 yesterday.
The firm said that most expect the company to announce a sizable step-up in marketing spending. "While re-basing of 2012 EPS is widely anticipated, we see PEP remaining a “show-me story” until signs of improving market share performance in US beverages emerge."
For an analyst ratings summary and ratings history on Pepsico click here. For more ratings news on Pepsico click here.
Shares of Pepsico closed at $65.67 yesterday.
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