PepsiCo price target lowered to $164 from $172 at RBC Capital
RBC Capital lowered the firm’s price target on PepsiCo (PEP) to $164 from $172 and keeps a Sector Perform rating on the shares. The company reported another “tough quarter” as domestic topline pressures continue to weigh on overall results and are the main driver of a disappointing below algo 2025 guide,
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The downgrade comes after the company reported full-year revenue that fell 4% below market expectations, reflecting an underperformance in the second half of the year.
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