PepsiCo probably raised its prices too much, and now it’ll have to pay, analyst says

PepsiCo Inc. raised prices during the pandemic and faced supply disruptions, leading TD Cowen analysts to suggest that the company may need to offer more discounts. As a result, the analysts downgraded PepsiCo’s shares. The beverage and snacks giant may have to reverse its pricing strategy to navigate the current market challenges.

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