UPDATE: J.P. Morgan Raises Price Target on Hansen Natural to $95
According to J.P. Morgan, Hansen Natural (NASDAQ: HANS) price target is raised to $95.
J.P. Morgan said that HANS reported Q311 EPS of $0.88, vs. our $0.90 estimate, which was a penny ahead of consensus. “We rate HANS Neutral. We believe Hansen's valuation of 21x our FY13 EPS estimate is appropriate, which is at the high-end of the beverage group.”
Hansen Natural closed yesterday at $90.13.
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