Morgan Stanley Provides Color on the Beverages Sector

Morgan Stanley provided color on the Beverages sector. In an eternal struggle between Pepsi PEP and Coke KO, Morgan Stanley prefers Pepsi at the moment. In a research report published today, Morgan Stanley states, "We continue to prefer OW rated Pepsi (our top pick on Morgan Stanley's Best Ideas list) to EW rated Coke, particularly short-term, as we believe PEP's 2011 EPS visibility is improving as KO visibility is dissipating." On Friday, both companies lost some ground as Pepsi fell 0.78% to $68.97, while Coke lost 0.77% of its value to close the day at $65.53.