After six consecutive weeks of declines, is a turnaround on the horizon? Goldman Sachs bets on PepsiCo (PEP.US) for "a decade of growth," bullish on the resilience of the consumer leader amid inflationary headwinds.

Zhitong Finance APP has learned that PepsiCo (PEP.US) is expected to reverse its six-week losing streak. Although Goldman Sachs lowered its target price expectation for this major American beverage, food, and snack consumer giant, it still maintained its most bullish "Buy" rating. Third-quarter sales and broad operational performance improvement, as well as growth potential over the next decade, support the optimistic outlook; at the same time, rising costs, margin pressure, and ongoing major challenges in beverage business execution are weighing on short-term earnings.