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barclays downgrades pepsico stock rating and lowers price target to 156
Barclays has downgraded Pepsico's stock rating from Overweight to Equalweight, lowering the price target to $156 from $168, reflecting concerns over near-term volume recovery in its Frito-Lay North America division. Despite challenges, Pepsico maintains strong financial health and a history of dividend growth, with analysts optimistic about long-term sales and profit targets. Additionally, Pepsico's recent $1.95 billion acquisition of prebiotic soda brand Poppi aligns with its strategy to expand healthier beverage options amid evolving consumer trends.
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