PepsiCo (NASDAQ:PEP) starts holiday week as target cuts hit defensive trade
PepsiCo (NASDAQ:PEP) jumped 1.34% to $141.39 Friday but remains 17.55% below its February high as Jefferies, BofA, and Citi slashed price targets ahead of July 9 Q2 results, signaling caution even as the average analyst target sits 18.27% above the last close.