Pepsico (PEP) PT Raised to $124 at Argus

Argus reiterated a Buy rating and raised its price target on Pepsico (NYSE: PEP) to $124.00 (from $116.00).

The firm expects more moderate commodity prices and improved productivity to benefit earnings. They are boosting 2016 EPS estimate from $4.78 to $4.80 and our 2017 estimate from $5.16 to $5.20

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 $108.79 yesterday.

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