PepsiCo price target lowered to $140 from $155 at Evercore ISI

Evercore ISI analyst Robert Ottenstein lowered the firm’s price target on PepsiCo (PEP) to $140 from $155 and keeps an In Line rating on the shares. While productivity efforts should support EPS growth in FY26 and afterward, weak top-line trends, tariffs, foreign exchange and interest expense are more than PepsiCo can offset this year, says the analyst, who adds that “guidance still feels squishy despite being well below the long-term algorithm” of 4%-6% organic sales and high-single digit EPS growth.