UPDATE: Credit Suisse Initiates Coverage On Monster Beverage

Loading...
Loading...
Credit Suisse Wednesday initiated coverage of
Monster BeverageMNST
with an Outperform rating and a target price of $82. Credit Suisse analyst Michael Steib assigned the rating based on what he describes as some of the best top- and bottom-line growth in the CPG sector, thus justifying the stock's high valuation. Steib cites key growth drivers being an attractive channel mix, leadership in one of the most attractive beverage categories and favorable socioeconomic and demographic trends in the U.S. and international expansion. Monster Beverage shares closed Tuesday at $66.74.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationAnalyst RatingsCredit SuisseMichael Steib
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...