Why PepsiCo Stock Was Bouncing Back Today

Morgan Stanley sees more upside to the beverage stock.Shares of PepsiCo (PEP 3.62%) were on the rebound today, just one day after the stock fell 3% following its first-quarter earnings report.While the food and beverage company beat headline revenue and profit estimates, the first-quarter results were marred by a product recall at its Quaker Foods segment, and revenue fell in North America.But today the stock more than made up for those losses after a bullish note from Morgan Stanley. As a result, the stock ...