RBC Capital analyst Nik Modi raised the firm’s price target on PepsiCo to $178 from $175 and keeps a Sector Perform rating on the shares. The company’s Q1 results were "impressive" with robust top-line growth and a "high-quality" earnings beat, the analyst tells investors in a research note. PepsiCo should continue to execute on full year targets and is well positioned for the macro environment, RBC added.
Published first on TheFly
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