Barclays raised PepsiCo, Inc.’s (PEP) price target to $160 from $148 post-earnings and maintained an Equal Weight rating. CEO Ramon Laguarta outlined plans to boost category growth by focusing on affordability, targeting specific brands and sales channels. CFO Stephen Schmitt emphasized the company’s offensive stance and expected sales lift from current initiatives.

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Read more at Yahoo Finance: PepsiCo, Inc. (PEP) Price Target Increased to $160 at Barclays Post-Earnings Update