PepsiCo price target lowered to $145 from $150 at TD Cowen
TD Cowen lowered the firm's price target on PepsiCo to $145 from $150 and keeps a Hold rating on the shares. The firm updated it model following a weaker quality 2Q than expected with organic sales of 2.4% missing by 20 bps due to North America. The change in guidance to the low end of 4-6% EPS growth came as a surpris