From The Street of Dreams: PepsiCo Targets
We have been ahead of this, as I have for a month or so expected disappointing results and guidance for $PEP.
I have recently begun to buy back the shares….
PepsiCo price target lowered to $133 from $145 at TD Cowen: TD Cowen lowered the firm’s price target on PepsiCo to $133 from $145 and keeps a Hold rating on the shares. The firm is citing a Bloomberg article quoting a management spokesperson which indicates that the company will raise prices on chips, soda, and dips in 2027 to offset cost inflation, the analyst tells investors in a research note. The management’s shifting narrative on affordability and continued market share losses in the U.S. increases the risk profile for Pepsi in 2027, TD Cowen added.
PepsiCo downgraded to Hold from Buy at Deutsche Bank: Deutsche Bank downgraded PepsiCo to Hold from Buy with a price target of $138, down from $155. The firm cites less certainty in PepsiCo’s strategic direction in North America for the downgrade. Deutsche has less conviction in the company’s ability to deliver a “durable recovery” in PepsiCo Foods North America. Many of PepsiCo’s initiatives “have produced mixed or fleeting benefits,” with PFNA still struggling to generate sustained improvement in consumption, organic growth, share, or operating leverage, the analyst tells investors in a research note. Deutsche cut its estimates for PepsiCo to reflect “lackluster” North American consumption and escalating cost pressures.
Long: PEP S
