Deutsche Bank Downgrades PepsiCo to 'Hold', Cuts Target to $138
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On September 28, Deutsche Bank downgraded its rating on PepsiCo from 'Buy' to 'Hold' and lowered its price target from $155 to $138, according to a report from financial news outlet Cailianshe. The downgrade reflects a more cautious outlook on the beverage and snack giant's stock performance. The new target price implies a reduced valuation expectation compared to the previous target. The report does not specify the reasons behind Deutsche Bank's decision, but the adjustment represents a notable shift in analyst sentiment toward PepsiCo shares.
Source report
Date: September 28
Deutsche Bank has downgraded its rating on PepsiCo from "Buy" to "Hold," while also reducing the price target from $155 to $138 per share.
Source
财联社Neutral / independent
Part of this Story
PepsiCo faces dual analyst downgrades as Deutsche Bank cuts target to $138, Citi to $142