PepsiCo’s growth hinges on recovery in snacking division – analyst

PepsiCo???s (NASDAQ:PEP) ability to re-rate higher hinges on volume recovery in its Frito-Lay North America (FLNA) business, says Barclays analyst Lauren Lieberman, a task she acknowledges will be a ???heavy lift.???

???With the market increasingly viewing PEP as a U.S. food