UBS lowered the firm’s price target on PepsiCo (PEP) to $169 from $175 and keeps a Buy rating on the shares. PepsiCo’s Q1 EPS missed estimates and cut the FY25 earnings outlook more than expected on account of a deteriorating consumer backdrop and supply chain headwinds, the analyst tells investors in a research note. It is difficult to see a path to the company’s long-term algorithm in the near-term, but thinks the risk/reward continues to skew to the upside.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- PepsiCo price target lowered to $160 from $170 at Citi
- PepsiCo price target lowered to $160 from $167 at Piper Sandler
- PepsiCo price target lowered to $150 from $155 at BofA
- PepsiCo’s Financial Outlook: Hold Rating Amid Tariffs and Macroeconomic Challenges
- WK Kellogg shift from synthetic dyes likely slower than expected, NYT says