Credit Agricole Upgrades Pepsico (PEP) from Underperform to Outperform

Credit Agricole's Caroline Levy upgraded shares of Pepsico (NYSE: PEP) from Underperform to Outperform Wednesday morning following news on Tuesday Relational Investors disclosed a position in the company. Levy's price target was raised from $66 to $75.

After closing up about 1 percent Tuesday, Pepsi shares are indicated about 0.5 percent higher this morning. With the stock last trading around $68.18, Levy's new price target implies potential upside of about 10 percent.

For an analyst ratings summary and ratings history on Pepsico click here. For more ratings news on Pepsico click here.

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