Pepsi might soon fall into third place in the sparkling beverage category behind Coke and Diet...

|By:, SA News Editor

Pepsi might soon fall into third place in the sparkling beverage category behind Coke and Diet Coke, Credit Suisse analyst Carlos Laboy says, as he downgrades Pepsico (PEP -1.9%) to neutral from outperform. Coca-Cola (KO -0.6%), on the other hand, "should hit a premium valuation reserved for next frontier thinking organizations."