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Why PepsiCo's Stock Is Trading Higher Today

Why PepsiCo's Stock Is Trading Higher Today

PepsiCo (NYSE: PEP) is trading higher on Monday.

Morgan Stanley upgraded the stock from Equal-Weight to Overweight, seeing an increase in demand as consumers are snacking more at home.

Morgan Stanley lowered the stock's price target to $132 and says it sees, “Pepsi's snacks business as likely to benefit from consumers snacking more at home and Pepsi's beverage skew to more nutritional non-CSD products.”

Pepsi shares were trading up 5.88% at $110.04 on Monday. The stock has a 52-week range between $147.20 and $101.42.

Related Links:

Pepsico Reports Q4 Earnings Beat

PepsiCo Trades Higher On Q3 Earnings Beat

Latest Ratings for PEP

Apr 2020SunTrust Robinson HumphreyMaintainsHold
Apr 2020CitigroupMaintainsNeutral
Apr 2020Morgan StanleyMaintainsOverweight

View More Analyst Ratings for PEP
View the Latest Analyst Ratings


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