Market Overview

UPDATE: UBS Initiates Coverage on Monster Beverage at Buy, Announces $85.00 PT

Share:
Related MNST
The Soda Industry Is Undergoing 'Big Changes'
Cramer: Coca-Cola Is The Conservative Way To Play 2 Huge Trends
Apple, LinkedIn Lead Big Cap Stocks Near Buy Zone (Investor's Business Daily)

UBS initiated coverage on Monster Beverage (NASDAQ: MNST) with a Buy rating and $85 price target. Stephen Powers, analyst at UBS, is bullish on Monster, a “rare above-average secular growth story in nonalcoholic beverages,” and “low-probability regulation/taxation risk” will “ultimately prove to be noise.”

Powers expects U.S. sales to “return to mid-to-high-teens sales growth. Powers sees growth opportunities in international markets such as India, Brazil, and South Africa, but “does not expect international margins to expand materially before at least 2015.”

Shares of Monster are up 2.5 percent on the session to $74.41. The stock continues to outperform the broader indexes in 2014 and is up 9.5 percent in the same time frame.

Latest Ratings for MNST

DateFirmActionFromTo
Apr 2015SusquehannaInitiates Coverage onNeutral
Mar 2015CitigroupMaintainsNeutral
Feb 2015CitigroupMaintainsNeutral

View More Analyst Ratings for MNST
View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Initiation Analyst Ratings

 

Related Articles (MNST)

Around the Web, We're Loving...