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Monster Scaring Jefferies At These Levels

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Goldman Says Buy Weakness In Monster Beverage; Q1 Earnings Due Friday
Bank Of America Recommends Coca-Cola Ahead Of Other Beverage Stocks
RHS: Let's Go Shopping! (Seeking Alpha)

On the back of the news that Coca-Cola (NYSE: KO) has taken a 16.7 percent stake in Monster Beverage (NASDAQ: MNST), Jefferies downgraded shares Monday from Buy to Hold with a price target of 95.00.

Shares of Monster rose 32 percent last week on news of the deal.

In Monday's pre-market trading, Monster is lower by nearly two percent at $91.48.

Latest Ratings for MNST

DateFirmActionFromTo
Mar 2016Bank of AmericaInitiates Coverage onNeutral
Mar 2016Goldman SachsUpgradesBuyConviction Buy
Feb 2016CLSAUpgradesOutperformBuy

View More Analyst Ratings for MNST
View the Latest Analyst Ratings

Posted-In: JefferiesDowngrades Price Target Analyst Ratings

 

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