Jefferies analyst Corey Tarlowe thinks PepsiCo’s (PEP) decision to cut snack prices signals what could be the start of broader branded price resets as manufacturers face slowing volumes, consumer pushback, and intensifying private-label competition. As suppliers invest more in price, the firm believes Walmart (WMT) is well-positioned to benefit given its strong food volumes, private-label momentum, and consistent messaging around value leadership, says the analyst, who has a Buy rating and $132 price target on Walmart shares.
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