PepsiCo Stock Downgraded on Limited Upside Potential

Jefferies downgraded PepsiCo Inc (NASDAQ:PEP) stock to "hold" from "buy," and cut its price target to $170 from$171. The analyst in coverage cited limited upside potential amid a soft beverages market.Analysts were divided on PEP coming into today, with 10 calling it a tepid "hold" or worse, while 10 said "strong buy." Should more firms swing to the bearish side, the security could dip even lower.The shares are on track for their third loss in the last four sessions, and have fallen more than 15% in the la ...