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Jefferies Thinks Monster Looks Fully Valued Following Coca-Cola Deal

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Jefferies downgraded Monster Beverage (NASDAQ: MNST) to Hold Monday following, citing the following:

  • Strategic potential is now less of a catalyst
  • Valuation looks full at 16.5x CY15E EV/EBITDA
  • The bar is now higher for the stock and global industry slowing remains a key risk factor

Jefferies still views the deal with Coca-Cola (NYSE: KO) as a win-win, but given the recent 30 percent run up in the shares of Monster, the firm sees significantly less stock upside over the next 12 months. Jefferies' new price target is $95, up from a previous $82.

Shares of Monster were down 2.7 percent recently.

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: JefferiesAnalyst Color Downgrades Price Target Analyst Ratings

 

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