Analyst Updates on Major Stocks: Insights from Wall Street

Recent changes in analyst outlooks from top Wall Street firms are drawing attention to several major companies. Below is a roundup of the latest target price adjustments and ratings from prominent analysts.

• Deutsche Bank has raised its price target for PepsiCo, Inc. (PEP) from $179 to $184. Analyst Steve Powers upgraded the stock from Hold to Buy. As of Wednesday, PepsiCo shares closed at $156.77. This change indicates a positive sentiment among analysts regarding the company's performance and future potential.
• Wells Fargo increased its price target for The Kroger Co (KR) from $70 to $73. Analyst Edward Kelly has maintained an Overweight rating on the stock. Kroger shares ended at $61.33 on Wednesday, reflecting optimism around its growth prospects.
• Oppenheimer raised the price target for KKR & Co. Inc (KKR) from $153 to $175, with analyst Chris Kotowski sustaining an Outperform rating. KKR shares closed at $157.39, suggesting confidence in the company's investment strategies.
• Mizuho increased the price target for Lowe’s Companies, Inc (LOW) from $282 to $305, maintaining an Outperform rating by analyst David Bellinger. Lowe’s shares settled at $267.90, showing strong performance in the retail sector.
• Jefferies has reduced the price target for Adobe Inc. (ADBE) from $700 to $650 while maintaining a Buy rating from analyst Brent Thill. Adobe shares closed at $549.93 on Wednesday, reflecting a cautious outlook amidst market changes.
• Roth MKM has increased the price target for United Natural Foods, Inc. (UNFI) from $20 to $26. Analyst Bill Kirk has kept a Neutral rating, showing a balanced approach to the stock's expectations. United Natural Foods shares closed at $28.08.
• Stifel has cut the price target for Match Group, Inc (MTCH) from $39 to $36, with analyst Mark Kelley maintaining a Hold rating. Match Group shares ended at $61.48, highlighting potential challenges in the dating industry.
• UBS has lowered the price target for Commercial Metals Company (CMC) from $62 to $56, downgrading its rating from Buy to Sell, as per analyst Curt Woodworth. The shares settled at $61.60, suggesting a bearish outlook.
• Deutsche Bank also has boosted the price target for Keurig Dr Pepper Inc (KDP) from $37 to $39, with an upgrade from Hold to Buy by analyst Steve Powers. Keurig Dr Pepper's shares closed at $33.26, pointing to growth expectations.
• Needham raised the price target for Stryker Corporation (SYK) from $409 to $442. Analyst Mike Matson maintained a Buy rating, with Stryker shares closing at $376.16, citing strong performance in the medical technology field.

Investors considering PepsiCo's stock (PEP) may find these updates particularly relevant as analysts weigh in on its future.

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