JPMorgan lowered the firm’s price target on PepsiCo (PEP) to $165 from $183 and keeps a Neutral rating on the shares ahead of the Q4 report on February 4. For 2025, the firm thinks expectations are relatively low and that PepsiCo will set initial guidance conservative. While the potential share upside to the price target is “decent for a mega cap,” the stock lacks catalysts near-term outside of the consumer environment for snacking improving, the analyst tells investors in a research note.
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