Analyst cuts weigh on PEP
PepsiCo is drifting moderately lower on low volatility as JPMorgan's downgrade to Neutral and slashed price targets from Wall Street firms pressure sentiment, while news of chip price hikes to offset input costs adds a cautious tone without triggering heavy selling.
Sources: https://fintel.io/news/jp-morgan-downgrades-pepsico-to-neutral-from-overweight, htt
Sources
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