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PepsiCo stock may be ‘best appreciated’ amid uncertainty: Barclays analyst

Yahoo Finance Video

Yahoo Finance's Brian Sozzi discusses a Barclays analyst's Overweight rating on PepsiCo stock.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: Before we head to break, we were watching shares of PepsiCo, into the company's third quarter earnings release next week. Barclays is out with an overweight rating on PepsiCo with a $183 price target, which assumes about 10% upside from current levels. Says Barclays analyst Lauren Lieberman, "We believe it is precisely times like these when uncertainty abounds from macro variables, that PepsiCo's distinct visibility and reliability may be best appreciated."

[MUSIC PLAYING]