JPMorgan analyst Andrea Teixeira lowered the firm’s price target on PepsiCo (PEP) to $139 from $150 and keeps a Neutral rating on the shares ahead of the Q2 report on July 17. The firm reduced estimates on soft consumer trends. While the bar is low for PepsiCo, the company faces a lack of catalysts in the near-term, the analyst tells investors in a research note.
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