PepsiCo 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:
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in