PepsiCo’s New Forecast: A Refreshing Buy Opportunity?

PepsiCo Lowers Organic Sales Growth Forecast, Citi Upgrades Stock Rating

PepsiCo, the global beverage company, recently adjusted its organic sales growth forecast in its fourth-quarter financial report. In response, Citi analysts have upgraded PepsiCo’s stock rating from Neutral to Buy and raised their price target on shares to $195 from $180.