shares of pepsico inc pep took a 09 hit in morning trading monday after the beverage and snacks giant was downgraded by who was wall street’s secondbiggest bull citing concerns that they have rallied too far morgan stanley’s dara mohsenian cut his rating to equal weight from a “multiyear” run at overweight while keeping his stock price to 210 that’s the secondhighest target of the 22 analysts surveyed by factset who cover pepsico below only the 220 target of cowen’s vivien azer mohenian said that after a “strong” secondquarter report on july 13 he said the stock’s large recent outperformance suggests catalysts have been “played out” leaving “limited further upside” the stock has rallied 33 year to date while the consumer staples select sector spdr exchangetraded fund xlp has lost 05 and the sp 500 spx has rallied 177