PepsiCo Stock Bounces Back: Morgan Stanley's Bullish Note Driving Momentum
Wednesday, 24 April 2024, 21:09
Morgan Stanley's Positive Forecast
PepsiCo shares recovered after a recent fall, thanks to a bullish note from Morgan Stanley. The company anticipates a rebound due to improving trends, international market strength, and favorable year-over-year comparisons.
Stock Performance & Valuation
- 11% Upside: Morgan Stanley has a price target of $190, indicating an upside potential from yesterday's close.
- Expectations: PepsiCo estimates revenue growth and improving core earnings in the coming year.
PepsiCo's consistent dividend and 3% yield make it attractive amidst changing interest rates, although some caution is advised with its current valuation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.