PepsiCo (PEP) is among the 12 Best Income Stocks to Buy Now, according to analysts. BofA raised the price target on PEP to $164 from $155 but remains cautious on consumer staples growth. PepsiCo plans to cut costs in its North America supply chain after discussions with activist investor Elliott. The company aims to simplify ingredient lists, increase automation, and achieve 100 basis points of core operating margin expansion over the next three years.

Read more at Yahoo Finance: PepsiCo (PEP) Gets Price Target Bump, but BofA Remains Cautious on Staples