Morgan Stanley raised the firm’s price target on PepsiCo (PEP) to $165 from $153 and keeps an Equal Weight rating on the shares. After the fiscal year guide-down with Q1, Q2 represented “clear progress for Pepsi,” the analyst tells investors in a post-earnings note. A productivity ramp-up is providing better earnings visibility, but muted topline growth, continued U.S. woes and the recent bounce in the stock leave the firm with an Equal Weight rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PEP:
- PepsiCo price target raised to $154 from $140 at Wells Fargo
- PepsiCo’s Q2 2025 Earnings: Revenue Growth Amid EPS Decline
- PepsiCo’s Optimistic Earnings Call Highlights Growth
- Market Wrap: S&P 500 Closes at Record High as Investors Cheer Corporate Earnings
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!