PepsiCo: Jefferies raises target price - but still on 'hold'
(CercleFinance.com) - On Thursday a Jefferies analyst confirms his "Hold" (neutral) recommendation on the PepsiCo share, even though he has raised his target price for it - from 130 dollars to 135 dollars (vs, 134.
22 dollars at close on Wednesday).
"There is a greater sense of urgency at PEP - "a mentality of attack" - incl. an enhanced mkt share... however, P/E looks full," the broker says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
22 dollars at close on Wednesday).
"There is a greater sense of urgency at PEP - "a mentality of attack" - incl. an enhanced mkt share... however, P/E looks full," the broker says.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.