Market Overview

UPDATE: Credit Suisse Initiates Coverage On Monster Beverage

Share:
Related MNST
Benzinga's Top Upgrades
Wells Fargo Upgrades Monster Beverage: Yes It's Expensive, But Premium Worth It

Credit Suisse Wednesday initiated coverage of Monster Beverage (NASDAQ: MNST) with an Outperform rating and a target price of $82.

Credit Suisse analyst Michael Steib assigned the rating based on what he describes as some of the best top- and bottom-line growth in the CPG sector, thus justifying the stock's high valuation.

Steib cites key growth drivers being an attractive channel mix, leadership in one of the most attractive beverage categories and favorable socioeconomic and demographic trends in the U.S. and international expansion.

Monster Beverage shares closed Tuesday at $66.74.

Latest Ratings for MNST

DateFirmActionFromTo
Feb 2016Wells FargoUpgradesMarket PerformOutperform
Nov 2015SusquehannaMaintainsNeutral
Nov 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for MNST
View the Latest Analyst Ratings

Posted-In: Credit Suisse Michael SteibAnalyst Color Initiation Analyst Ratings

 

Related Articles (MNST)

Get Benzinga's Newsletters