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Monster Scaring Jefferies At These Levels

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Credit Suisse Bullish To Neutral On Beverage/Spirit Names
Coca-Cola Could Remain Range-Bound For 2017; Credit Suisse Initiates At Neutral

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
Sep 2016Credit SuisseInitiates Coverage onOutperform
Aug 2016JefferiesMaintainsHold
Aug 2016CitigroupMaintainsBuy

View More Analyst Ratings for MNST
View the Latest Analyst Ratings

Posted-In: JefferiesDowngrades Price Target Analyst Ratings

 

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