Deutsche Bank analyst Steve Powers upgraded PepsiCo (PEP) to Buy from Hold with a price target of $184, up from $179. The firm is becoming more positive on non-alcoholic beverage names. The firm believes PepsiCo’s “ample” productivity and cost flexibility should present a “cushion” to forward earnings while still allowing investments to drive sequential improvement. Deutsche expects targeted pricing and other commercial investments to yield “snowballing returns” alongside improving consumer confidence and immediate consumption spending in 2025.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- PepsiCo Appoints New Senior Vice President and Controller
- PepsiCo names Christine Tammara as SVP, controller
- Hershey: CEO Michele Buck to assume leadership of U.S. Confection Business
- Advertising Stocks Fall on News That Omnicom (OMC) is Acquiring Rival Interpublic Group
- Guru Organic Energy to conclude distribution agreement with PepsiCo Canada