Citigroup cuts PepsiCo target price to $142

Published Sep 24, 10:21 AM UTC

In a research note, Citigroup analysts lowered their price target for PepsiCo (PEP.O) to $142 from $145. The revision represents a modest reduction in the bank's valuation outlook for the beverage and snack giant. The previous target of $145 was set at an earlier date. The new target of $142 reflects Citigroup's updated assessment of PepsiCo's prospects. The note did not specify the reasons for the downgrade or provide a new rating. The stock is traded on the New York Stock Exchange under the ticker PEP. The information was disseminated by financial news outlet Jin10 (金十数据).

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