MKM analyst Sean McGowan reduced his price target for the stock from $96 to $87. He is at least the sixth to do so in the past week.
The average brokerage recommendation (ABR) for PepsiCo (PEP) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Berkshire Hathaway, Eli Lilly, PepsiCo, Hovnanian and IDT are part of the Zacks top Analyst Blog.