This PepsiCo Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Deutsche Bank analyst Steve Powers downgraded PepsiCo Inc (NASDAQ: PEP) from Buy to Hold and reduced the price target from $155 to $138, while PepsiCo's stock closed at $128.63 on Friday. This downgrade is part of a broader trend, as several companies, including RLJ Lodging Trust and Braskem SA, also experienced downgrades from various analysts. The changes reflect a cautious outlook on these stocks amid market conditions.