PepsiCo price target lowered to $185 from $195 at Evercore ISI

Evercore ISI lowered the firm’s price target on PepsiCo to $185 from $195 and keeps an In Line rating on the shares ahead of the company reporting its Q3 results on October 10. The firm forecasts Q3 core EPS of $2.15, in-line with Visible Alpha consensus, and models Q3 organic revenue growth of 7.5%, which it notes is “slightly below” the 8.3% consensus forecast.