PepsiCo: Tariff Headwinds Aren't Going Away (NASDAQ:PEP)

Core Viewpoint - The analyst downgraded PepsiCo, Inc. from a buy to a hold rating due to tariff headwinds impacting North America sales and eroding margins [1]. Summary by Relevant Sections - Company Performance - The downgrade reflects concerns over North America sales and margin erosion attributed to tariffs [1]. - Market Conditions - Tariff headwinds are identified as a significant factor affecting the company's performance in the North American market [1].