PepsiCo price target lowered to $187 from $197 at Barclays

Barclays analyst Lauren Lieberman lowered the firm’s price target on PepsiCo to $187 from $197 and keeps an Overweight rating on the shares. The company issued 2023 guidance that includes organic sales growth at the high end of its medium term algorithm, but the profit outlook came in below consensus, the analyst tells investors in a research note.