Barclays analyst Lauren Lieberman lowered the firm’s price target on PepsiCo (PEP) to $135 from $143 and keeps an Equal Weight rating on the shares post the Q1 report. The firm sees a “more subdued” outlook ahead for the company.
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Read More on PEP:
- PepsiCo’s Hold Rating: Navigating Cost Pressures and Market Challenges Amidst Strategic Growth Initiatives
- Cautious Outlook for PepsiCo Amid Frito-Lay Challenges and Inflationary Pressures
- PepsiCo price target lowered to $148 from $163 at RBC Capital
- PepsiCo price target lowered to $153 from $168 at Morgan Stanley
- PepsiCo price target lowered to $140 from $150 at Wells Fargo
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