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, the analyst tells investors in a research note. PepsiCo will need to execute on investments/plans to energize the topline, which will be needed for shares to rate higher, the firm added.