Morgan Stanley analyst Dara Mohsenian upgraded Dr Pepper Snapple (DPS) to Overweight from Equal Weight and increased its price target to $104 from $103. The analyst said the company's organic sales growth is accelerating driven by an improved competitive outlook as Coca Cola (KO) and Pepsi (PEP) focus on using cash flow from the US carbonated soft drink segment in high growth areas. Mohsenian also said the recent Bai Brands acquisition will add to long-term growth and concerns are overblown. He recommends the pair trade of long Dr Pepper Snapple and short Church & Dwight (CHD), which was downgraded to Underweight, given Dr Pepper's accelerating growth and Church & Dwight's deteriorating fundamentals.