The Zhitong Finance App learned that Pepsi (PEP.US) is expected to reverse the trend of six consecutive weeks of falling stock prices. Although Goldman Sachs lowered its target price expectations for the American beverage, food, and snack consumer giant, it still maintained its most optimistic rating of “buy.” The improvement in sales and broad operating performance in the third quarter, as well as the potential for growth over the next ten years, provided support for optimistic expectations; at the same time, rising costs, pressure on profit margins, and continuing major challenges in beverage business execution are dragging down short-term profits.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Pepsi (PEP.US) is expected to reverse the trend of six consecutive weeks of falling stock prices. Although Goldman Sachs lowered its target price expectations for the American beverage, food, and snack consumer giant, it still maintained its most optimistic rating of “buy.” The improvement in sales and broad operating performance in the third quarter, as well as the potential for growth over the next ten years, provided support for optimistic expectations; at the same time, rising costs, pressure on profit margins, and continuing major challenges in beverage business execution are dragging down short-term profits.
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