Pepsico (PEP) PT Raised to $188 at Deutsche Bank

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Go back to Pepsico (PEP) PT Raised to $188 at Deutsche Bank

We were wrong about Pepsico (PEP), Bernstein admits and upgrades the stock

March 20, 2023 10:09 AM EDT

Bernstein analyst Callum Elliott upgraded shares of PepsiCo (NASDAQ: PEP) to Market Perform from Underperform with the price target of $185 per share (up from the prior $172).

Elliott concedes that he was wrong about Pepsi stock given the prior Underperform rating. He notes that the company delivered the strongest organic growth across mainstream US staples through the pandemic.

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