UPDATE: Goldman Sachs Raises Monster Beverages' PT

According to a research report published this morning, Goldman Sachs has increased Monster Beverages'

PT from $70 to $75. In the report, Goldman Sachs commented, "We preview Monster ahead of its 1Q12 results on May 9 and following the WSJ's report on Monday that KO was in talks to buy MNST. We are CLBuy on MNST. For 1Q12 our $0.37 forecast is $0.01 below consensus as we incorporate a bit more drag on sales from difficult shipment comparison a year ago. However, we are raise our full year 2012 estimates about 2% to $1.98 on stronger sales growth and now stand 2% above consensus." Goldman Sachs maintains its Buy rating on Monster Beverage, which closed yesterday at $67.07.