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UPDATE: UBS Downgrades Monster Beverage

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In a report released Monday, UBS analyst Stephen Powers downgraded Monster Beverage (NASDAQ: MNST) from Buy to Neutral and decreased its price target from $73 to $80.

Analysts at UBS downgraded Monster ahead of its Q2 2014 earnings due to top-line trends and valuation already pricing in any potential upside. UBS noted international growth reduction in April, but the beverage producer is still projected upside in marginal expansion and international profit margins.

The $80 price target is given by a one to two-year EPS estimate multiple of 23.5x, or $3.11.

Latest Ratings for MNST

DateFirmActionFromTo
Sep 2014Cowen & CompanyInitiates Coverage onMarket Perform
Aug 2014Goldman SachsMaintainsBuy
Aug 2014SunTrust Robinson HumphreyDowngradesBuyNeutral

View More Analyst Ratings for MNST
View the Latest Analyst Ratings

Posted-In: Stephen Powers UBSDowngrades Price Target Analyst Ratings

 

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