PepsiCo (PEP) Gets Price Target Lift at Barclays as 2026 Outlook Comes Into Focus

Group 1 - PepsiCo, Inc. has been recognized as one of the 15 Best Blue-Chip Stocks with Growing Dividends [1] - Barclays raised its price target for PepsiCo to $144 from $142, maintaining an Equal Weight rating, indicating a positive outlook for the company's 2026 performance [2] - PepsiCo reached an agreement with activist investor Elliott Investment Management to cut costs and lower prices, aiming to enhance its food business [3] Group 2 - The company plans to reduce expenses across its food and beverage operations and cut the number of individual products by 20% in its US businesses [3] - PepsiCo expects full-year organic revenue growth of 2% to 4% in 2026, targeting the high end of this range for the second half of the year [4] - The agreement with Elliott does not grant a board seat but allows for continued collaboration between the investor and the company [4]