Guggenheim Increases PepsiCo (NYSE:PEP) Price Target to $193.00

PepsiCo (NYSE:PEPGet Rating) had its price objective upped by research analysts at Guggenheim from $188.00 to $193.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. Guggenheim’s price target points to a potential upside of 10.22% from the company’s previous close.

Separately, StockNews.com began coverage on shares of PepsiCo in a research report on Thursday, March 31st. They issued a “buy” rating on the stock.

PEP traded up $1.80 during midday trading on Wednesday, reaching $175.10. The company had a trading volume of 81,646 shares, compared to its average volume of 5,522,975. PepsiCo has a 12-month low of $141.73 and a 12-month high of $177.24.

About PepsiCo (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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