PepsiCo Faces Critical Earnings Test Amid North American Weakness

PepsiCo finds itself at a pivotal juncture as the beverage and snack conglomerate prepares to release quarterly results before today’s market opening. Market expectations remain subdued as the company grapples with persistent challenges in its core North American operations. With shares already under pressure for several months, investors are bracing for potential further disappointments.

Market experts are displaying increasing caution toward PepsiCo’s prospects. JPMorgan analyst Andrea Faria Teixeira recently reduced her price target from $157 to $151 while maintaining a neutral rating. Similarly, Citi trimmed its target from $168 to $165, though analyst Filippo Falorni continues to recommend buying the shares.

The consensus among research firms presents a mixed outlook. While the average price target of approximately €131 suggests roughly 10 percent upside... Read more...