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PepsiCo Inc. (PEP) Dropped To Over A 6-Month Low Following Downgrade

Jefferies downgraded its rating on shares of PepsiCo Inc. (PEP) Monday morning to "Hold" from "Buy."

PepsiCo gapped open lower Monday and fell further in early trade. The stock took out the session lows going into the close and finished with a loss of 2.31 at $109.12 on above average volume. PepsiCo has been pulling back from the highs of the year since mid-August and closed at its lowest level since mid-March.

by RTT Staff Writer

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