PepsiCo price target lowered to $179 from $180 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on PepsiCo to $179 from $180 and keeps an Overweight rating on the shares post the earnings report. The firm views the company’s guidance update as prudent and thinks some investors expected a more meaningful cut. The stock responded well to the commentary provided about weakness in the business and PepsiCo’s plans to address it, the analyst tells investors in a research note.