The uncertainties around PepsiCo Inc's PEP performance in 2025 are already priced into the stock, according to Piper Sandler.The PepsiCo Analyst: Analyst Michael Lavery initiated coverage of PepsiCo with an Overweight rating and a price target of $171.The PepsiCo Thesis: In the back half of 2024, the company started promotional discounting for Frito-Lay North America, which has been the driver its EBIT growth over the last few years, and the lower prices could run through at least the first half of 2025, La ...