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In a note released Monday, UBS upgraded shares of PepsiCo (NYSE: PEP) from Neutral to Buy, with a price target raise from $97 to $100.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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UBS cited improving fundamentals, momentum and lowered macro risk as the main drivers in upping its rating.
Shares of PepsiCo closed Friday at $90.29.