UBS Maintains a Buy on PepsiCo (PEP)

PepsiCo, Inc. (NASDAQ:PEP) is one of the Top Blue Chip Stocks to Buy At 52-Week Lows. On September 25, Peter Grom from UBS maintained a Buy rating on the stock with an associated price target of $170.

The analyst has based his bullish sentiment on the long-term growth prospects of the company. However, Grom acknowledged some near-term challenges facing the company, including weak trends in the US market and softness in important international regions expected in Q3. However, the analyst noted that these challenges are well known to investors already.

Moreover, he expects attention to shift toward PepsiCo, Inc. (NASDAQ:PEP)’s potential to revive growth in its North American segment soon. Looking past the short-term issues, Grom highlights a favorable outlook for the company compared to its multinational peers. He anticipates the company can deliver organic growth in line with or better than many of them.

PepsiCo, Inc. (NASDAQ:PEP) is an international food and beverage company.

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Disclosure: None. This article is originally published at Insider Monkey.