Coca-Cola, PepsiCo and Coca-Cola Enterprises have all had their stock recommendations upgraded.

Bear Stearns yesterday upped its sector weighting on the three companies to "overweight" versus "market weight." The analyst also raised all three stocks to "outperform."

The investment bank said that last year's bad weather and weak economy has created a year of easy comparisons for the companies. The weak dollar should also boost international earnings, Bear Stearns said.