* Wells Fargo lowered the firm’s price target on PepsiCo to $150 from $160 and keeps an Equal Weight rating on the shares. There is much noise in the macro, likely impacting the consumer and thereby PepsiCo’s categories, the firm says. The company’s execution, namely in Food, has been good in spots, Wells acknowledges, adding that the reality is nevertheless that accelerating sales through 2026, a goal for PEP, feels tough and debate on long-term North America growth likely sustains.
* Citi lowered the firm’s price target on Winnebago to $29 from $30 and keeps a Neutral rating
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
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