From Yahoo Finance: 2025-04-15 10:47:00

Bank of America downgraded Pepsi (PEP) to Neutral from Buy, citing slow growth in the Frito-Lay North America unit. Despite strong international performance, earnings per share are not expected to increase significantly in 2025 or 2026. Estimates for fiscal 2026 and 2027 have been lowered, with a reduced price target on PEP stock. Recent price action shows a 2.5% drop in shares over the last month. Bank of America believes AI stocks offer greater potential for high returns, suggesting an alternative AI stock option. No promotional content included.



Read more at Yahoo Finance: Pepsi (PEP) Stock Downgraded by Bank of America, Schwab Reports