Morgan Stanley Downgrades Pepsico (PEP) to Equalweight
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September 24, 2024 7:29 AM EDT
Goldman Sachs analyst Bonnie Herzog lowered the price target on Pepsico (NASDAQ: PEP) to $192.00 (from $195.00) while maintaining a Buy rating.
The analyst comments "Our View - We lower our ests for PEP ahead of the company's Q3 results on 10/8, largely reflecting ongoing... More
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
