PEP Stock: $160 Target By Truist

By Amit Chowdhry ● Jul 16, 2021
  • The shares of PepsiCo, Inc. (NASDAQ: PEP) have received a price target increase from $135 to $160 from Truist. These are the details.

The shares of PepsiCo, Inc. (NASDAQ: PEP) have received a price target increase from $135 to $160 from Truist. And Truist analyst Bill Chappell is maintaining a “Hold” rating on the company shares.

Chappell noted that PepsiCo had reported better-than-expected second quarter results with both sales and EPS above expectations, which is a solid quarter highlighted by market share gains across multiple geographies. And at the same time, Chappell said he expects an upside to the quarter, driven partially by the reopening trends in North America — which was largely anticipated by investors.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.