Barclays Lowers PepsiCo Price Target to $144 Amid Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: stocktwits
- Price Target Cut: Barclays has lowered its price target for PepsiCo from $158 to $144 while maintaining an 'Equal Weight' rating, reflecting concerns about the weakening momentum in the North American food business, which may impact investor confidence.
- Sales Projections Reduced: Alongside the price target cut, Barclays has also reduced its sales forecasts for PepsiCo, citing ongoing weakness in the core unflavored snack portfolio that limits the potential for a stronger recovery, potentially leading to disappointing performance.
- Soft Demand Outlook: JPMorgan has similarly cut its price target for PepsiCo to $170, reflecting concerns over soft demand in the near term, with expectations for weaker revenue growth in Q2 compared to prior estimates, which could affect overall performance.
- Market Sentiment Shift: On the social media platform Stocktwits, retail sentiment around PepsiCo shifted from 'bullish' to 'neutral', with a 400% increase in message volume over the last 24 hours, indicating a cautious outlook from investors regarding the company's future performance.
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Analyst Views on PEP
Wall Street analysts forecast PEP stock price to rise
12 Analyst Rating
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 143.290
Low
144.00
Averages
161.90
High
172.00
Current: 143.290
Low
144.00
Averages
161.90
High
172.00
About PEP
PepsiCo, Inc. is a global beverage and convenient food company. The Company’s segments include PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA), International Beverages Franchise (IB Franchise), Europe, Middle East and Africa (EMEA), Latin America Foods (LatAm Foods), and Asia Pacific Foods. PFNA segment includes all of its convenient food businesses in the United States and Canada. PBNA segment includes all of its beverage businesses in the United States and Canada. IB Franchise segment includes its international franchise beverage businesses, as well as its SodaStream business. EMEA segment includes its convenient food businesses and beverage businesses with Company-owned bottlers in Europe, the Middle East and Africa. LatAm Foods segment includes all of its convenient food businesses in Latin America. Asia Pacific Foods segment consists of its convenient food businesses in Asia Pacific, including China, Australia and New Zealand, as well as India.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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