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News 2026-09-29 19:11 UTC

PepsiCo Just Got a 19% Price-Target Cut Ahead of Earnings

PepsiCo (PEP, Financials) is heading into earnings with another warning from Wall Street about its struggling North American business.J.P. Morgan analyst Andrea Teixeira downgraded PepsiCo to Neutral from Overweight and cut the firm's price target by 19% to $138, arguing that earnings expectations…