Market Overview

UPDATE: Stifel Nicolaus Upgrades Monster Beverage Corporation to Buy on Margins, Cash Flows

Related MNST
Believe It Or Not, Morgan Stanley Says Buying Beer Is A Smart Investment
Benzinga's Top Downgrades
Making Money With Charles Payne: 12/8/14 (Fox Business)

Stifel Nicolaus raised its rating on Monster Beverage Corporation (NASDAQ: MNST) from Hold to Buy and established a $65 price target.

Stifel Nicolaus said, "We believe shares largely reflect slowing sales growth, due mainly to difficult y/y comparisons, which we anticipate will re-accelerate beginning in 2Q13. We also think regulatory concerns are overstated. A premium multiple is warranted, in our view, given Monster is a unique, high-margin business with strong free cash flow generation and sustainable low double-digit sales growth over the next 3-5 years driven by continued U.S. share gains, innovation, and international expansion."

Monster Beverage Corporation closed at $52.84 on Monday.

Latest Ratings for MNST

DateFirmActionFromTo
Dec 2014CLSAUpgradesOutperformBuy
Dec 2014RBC CapitalDowngradesTop PickOutperform
Nov 2014Longbow ResearchAssumesNeutral

View More Analyst Ratings for MNST
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (MNST)

Around the Web, We're Loving...

Get Benzinga's Newsletters