Analysts at Evercore ISI initiated coverage on shares of Pepsico PEP with a Buy rating.
The target price for Pepsico is set to $115.
Pepsico shares have surged 17.56% over the past 52 weeks, while the S&P 500 index has gained 14.78% in the same period.
Pepsico's shares fell 0.58% to close at $97.75 yesterday.
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