Market Overview

UPDATE: Stifel Upgrades PepsiCo On Positive Risk/Reward


In a report published Thursday, Stifel analyst Mark Swartzberg upgraded the rating on PepsiCo (NYSE: PEP) from Hold to Buy, and named a $106.00 price target.

In the report, Stifel noted, “We upgrade to Buy from Hold, seeing a positive risk/reward in the shares. Multiples are off highs and in line with historical norms, yet we believe the company is entering a period of positive earnings revisions, reflecting stabilizing Americas Beverages trends, abating input pressures, increasing emphasis on productivity, and increasing effectiveness innovating. We also believe the shares embed very little value for Trian's influence, even though Trian could ultimately gain a seat on PepsiCo's board.”

PepsiCo closed on Wednesday at $90.82.

Latest Ratings for PEP

Sep 2019MaintainsOverweight
Sep 2019MaintainsUnderperform
Jul 2019Initiates Coverage OnOverweight

View More Analyst Ratings for PEP
View the Latest Analyst Ratings

Posted-In: Mark Swartzberg StifelAnalyst Color Upgrades Analyst Ratings


Related Articles (PEP)

View Comments and Join the Discussion!

Latest Ratings

HSKACanaccord GenuityMaintains75.0
AVGOMorgan StanleyMaintains265.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

UPDATE: Stifel Downgrades Owens Corning As Roofing Business Is Weaker Than Anticipated

Benzinga's Top Downgrades