Citi Cuts PepsiCo Price Target to $170, Keeps Buy Rating Ahead of Q2
Citi lowered PepsiCo’s price target citing weaker snacking and North American beverage performance but maintained a bullish stance. Citi reduced its price target for PepsiCo (NASDAQ:PEP) to $170 from $182 while retaining a Buy rating. The firm expects Q2 earnings per share