Susquehanna analyst Pablo Zuanic reiterated a Buy rating on PepsiCo (NYSE: PEP) today and set a price target of $136. The company’s shares opened today at $114.99.
Zuanic said:
“A visionary CEO prepares to step down by making a visionary acquisition (on the assumption a day will come when consumers no longer buy beverages in plastic/can containers), could be the read of today’s news.”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 7.3% and a 56.0% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
PepsiCo has an analyst consensus of Moderate Buy, with a price target consensus of $119.08.
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The company has a one-year high of $122.51 and a one-year low of $95.94. Currently, PepsiCo has an average volume of 5.83M.
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