PepsiCo price target lowered to $152 from $162 at Jefferies
Jefferies analyst Kaumil Gajrawala lowered the firm's price target on PepsiCo to $152 from $162 and keeps a Hold rating on the shares after an "in-line quarter that leaned heavily on international" as North America performance lags despite price cuts and innovation. With guidance hinging on a "big" Q4 step-up, the firm