Evercore ISI Initiates Pepsico At Buy

Analysts at Evercore ISI initiated coverage on shares of Pepsico

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.