RBC Capital Reiterates Sector Perform on PepsiCo, Maintains $180 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Nik Modi has reiterated a 'Sector Perform' rating on PepsiCo (NASDAQ:PEP) and maintained a price target of $180.

October 11, 2023 | 12:54 pm
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NEUTRAL IMPACT
RBC Capital has reiterated a 'Sector Perform' rating on PepsiCo and maintained a price target of $180.
The reiteration of the 'Sector Perform' rating and the maintenance of the $180 price target by RBC Capital indicates that the analyst believes PepsiCo's stock will perform in line with the sector. This is neither a positive nor a negative signal, hence the neutral score. However, the news is highly relevant to PepsiCo as it directly pertains to the company's stock. The importance is moderate as analyst ratings can influence investor sentiment. The confidence in this analysis is high as the information is clear and direct.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100