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.
Trian Fund gives quarterly update on stakes NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).