Morgan Stanley downgraded PepsiCo (NYSE:PEP) to equal-weight from overweight and maintained its $75 price target.PepsiCo has a potential upside of 21.9% based on a current price of $62.04 and an average consensus analyst price target of $75.62.PepsiCo is currently below its 50-day moving average (MA) of $65.69 and below its 200-day MA of $66.13.