PepsiCo Posts In-Line Results As Guidance Reflects Tariff Costs, Analysts Say
1. PepsiCo shares declined after reporting first-quarter sales decline. 2. BofA maintains Neutral rating, lowers price target to $150. 3. Goldman Sachs reiterates Buy rating, sets target at $160. 4. Management lowers full-year EPS growth guidance to flat from mid-single digits. 5. Analysts expect 11% earnings decline in Q2 due to Frito sales drop.