PepsiCo price target lowered to $153 from $158 at Barclays

Barclays lowered the firm’s price target on PepsiCo (PEP) to $153 from $158 and keeps an Overweight rating on the shares. Despite a 2025 guidance that came in largely as expected, skepticism remains high around PepsiCo’s strategy to stabilize Frito-Lay North America and broader salty snacks, the analyst tells investors in a research note.