PepsiCo price target lowered to $160 from $180 at Morgan Stanley
Morgan Stanley analyst Dara Mohsenian lowered the firm's price target on PepsiCo to $160 from $180 and keeps an Equal Weight rating on the shares. PepsiCo's Q2 results reflected continued North American weakness offset by international strength, but the outlook points to increasing 2027 EPS risk due to a weak earnings trajectory, one-time tariff benefits, and reduced marketing spending, the analyst tells investors in a research note.
Morgan Stanley analyst Dara Mohsenian lowered the firm's price target on PepsiCo to $160 from $180 and keeps an Equal Weight rating on the shares.
PepsiCo's Q2 results reflected continued North American weakness offset by international strength, but the outlook points to increasing 2027 EPS risk due to a weak earnings trajectory, one-time tariff benefits, and reduced marketing spending, the analyst tells investors in a research note.