- Goldman Sachs upgrades PepsiCo (NASDAQ:PEP) to a Neutral rating from Sell after seeing the food/beverage heavyweight post improved organic growth in Q1.
- The analyst team moves off the bearish view due to increased EPS visibility.
- GS assigns an upped price target of $132.
- Shares of PepsiCo are up 0.21% premarket after gaining 3.76% yesterday.
- Previously: Beverage peers eye PepsiCo's solid quarter (April 17)