PepsiCo (PEP) Receives a Sell from Credit Suisse


Credit Suisse analyst Kaumil Gajrawala maintained a Sell rating on PepsiCo (PEP) on December 2 and set a price target of $126.00. The company’s shares closed last Monday at $135.46, close to its 52-week high of $140.45.

According to TipRanks.com, Gajrawala is a 1-star analyst with an average return of -0.3% and a 50.0% success rate. Gajrawala covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Molson Coors, and Boston Beer.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PepsiCo with a $137.27 average price target.

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Based on PepsiCo’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $17.19 billion and net profit of $2.1 billion. In comparison, last year the company earned revenue of $16.49 billion and had a net profit of $2.5 billion.

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