The Vetr crowd on Tuesday upgraded its rating of PepsiCo, Inc. (NYSE: PEP) from 4 stars (buy) to 4.5 stars (strong buy). The crowd's ratings are 75 percent bullish.

Pepsi shares have been in a steady slide the past week, falling over 6 percent. This upgrade comes following news that beer giant Anheuser Busch Inbev SA NV (ADR) (NYSE: BUD) might be interested in acquiring a soft drink company.

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The Vetr crowd’s price target of $113.72 is about on par with the average analyst target price of $113.63.