As the Q1 earnings season wraps, let's dig into this quarter's best and worst performers in the beverages and alcohol industry, including PepsiCo (NASDAQ:PEP) and its peers.
MKM analyst Sean McGowan reduced his price target for the stock from $96 to $87. He is at least the sixth to do so in the past week.
The average brokerage recommendation (ABR) for PepsiCo (PEP) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?