- Guggenheim analyst Laurent Grandet has raised PepsiCo Inc (NASDAQ:PEP) price target to $175 from $171 (implying an Upside of 13.92%) and keeps a Buy rating on the shares.
- The analyst said the core business is accelerating as Pepsi takes share from Coca-Cola Co (NYSE:KO). He sees the divestiture of the “low-growth, low-margin” Tropicana juice business and expansion in the energy category driving growth and margin upside.
- Grandet sees potential additional earnings upside this year as he expects “rationality” to continue in the U.S. carbonated category.
- Price Action: PEP shares are trading higher by 0.58% at $154.5 in premarket on the last check Tuesday.
Barclays Maintains Overweight on Fidelity National Finl, Raises Price Target to $65
Barclays analyst Mark Devries maintains Fidelity National Finl (NYSE:FNF) with a Overweight and raises the price target from $63 to $65.
