Why PepsiCo Stock Tanked Today
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PepsiCo's stock fell nearly 3% following a downgrade by Bank of America analyst Bryan Spillane, who shifted his recommendation from buy to neutral and reduced the price target from $185 to $155. Spillane cited concerns over declining market share in PepsiCo's snack segment, particularly Frito-Lay, and a lack of competitiveness in the beverage market. Additionally, ongoing trade war uncertainties may increase input costs, making the stock less attractive to investors.
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