Citi sees risk into PepsiCo's earnings, says shares could fall

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Pepsico (PEP) PT Lowered to $198 at Jefferies

October 1, 2024 4:24 PM EDT

Jefferies analyst Kaumil Gajrawala lowered the price target on Pepsico (NASDAQ: PEP) to $198.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "The US business is struggling. Frito continues to slow and PBNA share losses are accelerating. 2024 is looking like a... More