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PEP Q3 Preview: RBC Sees 'Soft' September Quarter, Cuts Price Target To $150
Stocktwits ·
Stocktwits reports: PepsiCo (PEP) was in focus on Tuesday after RBC Capital lowered its price target on the shares to $150 from $161 while maintaining a 'Sector Perform' rating. According to TheFly, the price-target change was part of a broader research note previewing third-quarter results across the beverages, household and personal care, and packaged foods industries. RBC expects the September quarter to be 'soft,' the analyst said in the note. PEP shares traded marginally higher on…