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JP Morgan analysts said that they see favourable risk-reward in 2019 for PepsiCo Inc (PEP).
“We Believe PEP is one of the few large-cap names where we see limited downside risk from a multiple perspective,” they stated.
The analysts expect PepsiCo Inc to report an earnings per share (EPS) of 92 cents in Q1.
JP Morgan also anticipates the international organic revenue growth to remain strong in Q1'19.
Meanwhile, peer Coca-Cola has 11 “buy” or “strong buy” and 14 “hold” and no “sell” ratings.
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