PepsiCo seen poised for a rebound
Source: FoodBusinessNews
NEW YORK — With shares of PepsiCo, Inc. trading at the lowest valuation in 22 years, Morgan Stanley is upgrading the investment rating of the Purchase, NY-based maker of snacks, beverages and food to overweight.With the upgrade from equal-weight, PepsiCo becomes Morgan Stanley’s top pick among consumer packaged foods, replacing Constellation Brands and Colgate.“We would be aggressive buyers here ahead of a…
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