Why PepsiCo Stock Lost Its Fizz on Friday
(NASDAQ: PEP) stock was a notable decliner heading into the weekend, suffering a more than 2% drop on a day when the S 500 index it's a part of dipped only marginally. The storied drinks and snacks giant might have done better had it not been for news of a recommendation downgrade from a prominent researcher.
Well before market open that day, Morgan Stanley analyst Dara Mohsenian made that dramatic change. He now considers PepsiCo shares worthy only of an equalweight (read: hold) designation; previously he rated the company an overweight (buy). He did maintain his price target of $185 per share, however, which isn't far from the less than $172 at which it most recently closed.
In his research note detailing the change, Mohsenian cited a tame market for PepsiCo products in the company's native U.S. This, despite the company's increased spending on marketing efforts such as promotions.
Source Fool.com
PepsiCo Inc. Aktie
Leichtes Buy-Überwiegen bei PepsiCo Inc. im Vergleich zu Sell-Einschätzungen.
Das Community-Kursziel von 147 € für PepsiCo Inc. deutet auf eine deutliche Steigerung um mehr als 20% gegenüber dem aktuellen Kurs von 121.38 € hin.
