PepsiCo price target lowered to $159 from $172 at UBS
UBS analyst Peter Grom lowered the firm's price target on PepsiCo to $159 from $172 and keeps a Buy rating on the shares. PepsiCo reported a modest Q2 beat and reiterated 2026 guidance across the board, the analyst tells investors in a research note. UBS remains "hopeful" that trends can improve in North America, but thinks progress is likely to be modest and that total organic sales growth in the 2%-4% range may be more realistic.
UBS analyst Peter Grom lowered the firm's price target on PepsiCo to $159 from $172 and keeps a Buy rating on the shares.
PepsiCo reported a modest Q2 beat and reiterated 2026 guidance across the board, the analyst tells investors in a research note.
UBS remains "hopeful" that trends can improve in North America, but thinks progress is likely to be modest and that total organic sales growth in the 2%-4% range may be more realistic.