Morgan Stanley Provides Color on the Beverages Sector

Morgan Stanley provided color on the Beverages sector. In an eternal struggle between Pepsi

and Coke

, 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.