PEP Stock Gets A Downgrade From JPMorgan — Firm Flags Frito-Lay Weakness
PepsiCo Inc. (PEP) stock was in focus Tuesday after JPMorgan downgraded the shares to 'Neutral' from 'Overweight' and cut its price target to $138 from $170, according to TheFly.JPMorgan said tracked channel data and recent price-increase announcements suggest PepsiCo's North American trends have l…