Hari Avula Appointed to Board of Guayakí Yerba Mate

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/11/2026

1. HUM
2. SPCX
3. ALHC
4. T
5. PEP
6. TMUS
7. SPY
8. CVS
9. UNH
10. AXP

Go back to Hari Avula Appointed to Board of Guayakí Yerba Mate

PepsiCo cut at Morgan Stanley as 'fundamental struggles continue'

September 20, 2024 7:07 AM EDT

Morgan Stanley downgraded PepsiCo (NASDAQ: PEP) from Overweight to Equal-weight in a note Friday, citing ongoing challenges with topline growth and market share losses. The firm maintained a $185 price target on the stock.

Morgan Stanley lowered its organic sales growth (OSG) and earnings-per-share (EPS) estimates, highlighting persistent softness in the U.S. market and muted category growth despite recent efforts by PepsiCo to boost spending and promotions.

Morgan Stanley had... More