PepsiCo upgraded to Buy from Neutral at UBS UBS upgraded its rating on PepsiCo (PEP) to Buy citing evidence the company is operating with urgency and its belief activist investor Trian is committed for the long term. UBS raised its price target for shares to $100 from $97.
PepsiCo to close Russian juice plant in Ramenskoye, Reuters reports PepsiCo plans to close its juice plant outside Moscow due to falling demand, reports Reuters. PepsiCo will close the the plant in Ramenskoye which employs 400 staff and has more than 10 production lines. Reference Link