JPMorgan analyst Andrea Teixeira raised the firm’s price target on PepsiCo to $196 from $190 and keeps an Overweight rating on the shares ahead of the Q1 results on April 25. The company’s guidance conservatism could provide a source of upside should demand trends remain resilient later in the year, the analyst tells investors in a research note. The firm says PepsiCo remains a favored name for investors "seeking safety/low volatility."
Published first on TheFly
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