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One platform for global traditional assets
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UBS Highlights Strong Earnings Momentum for PepsiCo (PEP)
UBS has reaffirmed its Buy rating for PepsiCo (PEP) and set a price target of $186, following the company’s strong first-quarter earnings that surpassed expectations. PepsiCo’s stable earnings performance and defensive business model position it as a solid, low-risk investment. RBC Capital also reiterated its Sector Perform rating with a $163 price target, noting the company’s strong global performance and hedging initiatives that shield it from cost pressures for the rest of 2026.