PepsiCo (NYSE: PEP) is trading higher on Monday.
Morgan Stanley upgraded the stock from Equal-Weight to Overweight, seeing an increase in demand as consumers are snacking more at home.
Morgan Stanley lowered the stock's price target to $132 and says it sees, “Pepsi's snacks business as likely to benefit from consumers snacking more at home and Pepsi's beverage skew to more nutritional non-CSD products.”
Pepsi shares were trading up 5.88% at $110.04 on Monday. The stock has a 52-week range between $147.20 and $101.42.
Related Links:
Pepsico Reports Q4 Earnings Beat
PepsiCo Trades Higher On Q3 Earnings Beat
Latest Ratings for PEP
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2020 | Morgan Stanley | Upgrades | Equal-Weight | Overweight |
| Mar 2020 | CFRA | Upgrades | Buy | Strong Buy |
| Mar 2020 | Guggenheim | Upgrades | Neutral | Buy |
View More Analyst Ratings for PEP
View the Latest Analyst Ratings
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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