PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas
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TD Cowen Downgrades Pepsico (PEP) to Hold
October 10, 2024 5:31 AM EDTTD Cowen analyst Robert Moskow downgraded Pepsico (NASDAQ: PEP) from Buy to Hold with a price target of $183.00 (from $190.00).
The analyst comments "We downgrade PepsiCo to Hold and reduce our PT to $183. While we continue to view PEP as a top-tier CPG... More
Pepsico (PEP) PT Lowered to $183 at JPMorgan
October 9, 2024 6:04 AM EDTJPMorgan analyst Andrea Teixeira lowered the price target on Pepsico (NASDAQ: PEP) to $183.00 (from $185.00) while maintaining a Neutral rating.
The analyst comments "We are updating our PepsiCo (PEP, Neutral rated) model following 3Q24 earnings results, Q&A conference call, and our... More
Wells Fargo Reiterates Equal Weight Rating on Pepsico (PEP)
October 9, 2024 5:32 AM EDTWells Fargo analyst Chris Carey reiterated an Equal Weight rating and $170.00 price target on Pepsico (NASDAQ: PEP).
The analyst comments "2025 - "optimism" vs "overhang" debate. PEP said 1) it didn't expect category growth to stay +1% into 2025, 2) it'd leverage PBNA/Int'l margins (productivity) to offset profit headwinds in FLNA, in our view, suggesting mgmt sees 2025 profit growth (even EPS +8%?) in scope. On the surface, positive (no EPS cuts per se); in reality, we have a feeling this "2025 optimism" could morph into a "2025 overhang" debate if trends don't improve, i.e., "could PEP guide... More
Goldman Sachs Reiterates Buy Rating on Pepsico (PEP)
October 8, 2024 8:37 AM EDTGoldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $192.00 price target on Pepsico (NASDAQ: PEP).
The analyst comments "Our View - PEP delivered mixed Q3 results, with softer than expected organic revenue growth that was more than offset by strong gross margin expansion, leading to a slight EPS beat relative... More
