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These Analysts Slash Their Forecasts On PepsiCo After Weak Revenue
PEPPepsiCo(PEP) Benzinga·2024-07-13 01:31

PepsiCo Inc PEP reported worse-than-expected second-quarter FY24 revenue on Thursday. PepsiCo expects approximately 4% organic revenue growth for FY24 (previously at least 4%) and at least 8% increase in core constant currency EPS. RBC Capital analyst Nik Modi maintained PepsiCo with a Sector Perform, while cutting the price target from $180 to $177. JP Morgan analyst Andrea Teixeira maintained the stock with a Neutral and slashed the price target from $184 to $182. Barclays analyst Lauren Lieberman maintai ...