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MNST

Monster Beverage

$50.86

0.55 (1.09%)

07:12
06/20/17
06/20
07:12
06/20/17
07:12

Monster Beverage looks attractively valued, says Jefferies

Jefferies analyst Kevin Grundy says Monster Beverage remains a top pick following "upbeat commentary" at the company's shareholder meeting. Positives included "bullish" commentary on international growth and margin, an "encouraging" U.S. outlook, and long-term drivers to grow penetration, Grundy tells investors in a research note. He views the shares as attractively valued and reiterates a Buy rating on Monster with a $63 price target.

MNST Monster Beverage
$50.86

0.55 (1.09%)

06/01/17
JEFF
06/01/17
NO CHANGE
JEFF
Jefferies reiterates Monster, Newell as top picks
Jefferies analyst Kevin Grundy reiterates Monster Beverage (MNST) and Newell Brands (NWL) as top picks while addressing "common investor pushbacks." For Monster, the analyst believes improving U.S. results, continued strong international growth and M&A optionality should lead to continued outperformance. For Newell, the analyst sees an attractive valuation and improving organic sales growth. He reiterates Buy ratings on both names.
04/17/17
04/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eli Lilly (LLY) was downgraded to Equal Weight from Overweight at Morgan Stanley and to Underperform from Market Perform at BMO Capital. 2. Incyte (INCY) downgraded to Neutral from Overweight at Piper Jaffray with analyst Joshua Schimmer citing the complete response letter from the FDA for baricitinib, indicating a need to determine appropriate doses. This setback could take years and lead to approval of only the lower dose, leaving potentially little differentiation from Pfizer's (PFE) rheumatoid arthritis treatment Xeljanz," Schimmer tells investors in a research note. The analyst prefers to wait for a "cleaner entry point" into the shares. 3. KKR (KKR) downgraded to Neutral from Buy at Citi with analyst William Katz saying he views the stock's valuation relative to peers as less attractive at current levels. 4. Monster Beverage (MNST) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Judy Hong saying she expects shares to be range-bound near-term due to soft core Monster sales trends in the US. 5. PNC Financial (PNC) downgraded to Hold from Buy at Rafferty Capital with analyst Richard Bove saying bank stock valuations are too high and growth is lacking. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/17
GSCO
04/17/17
DOWNGRADE
GSCO
Buy
Monster Beverage downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman analyst Judy Hong removed Monster Beverage from the Conviction Buy List telling investors she expects shares to be range-bound near-term due to soft core Monster sales trends in the US. Hong trimmed Q1 earnings to 29c from 30c and 2017 to $1.43 from $1.44 and lowered her price target to $54. The analyst maintains a Buy rating due to market share gains from International and new territory expansion.
04/11/17
WELS
04/11/17
NO CHANGE
WELS
Market Perform
Wells Fargo sees hurdles in Monster's China effort
Wells Fargo analyst Bonnie Herzog argued in a pre-market research note that Monster Beverage already "fully reflects" growth opportunities. International markets are "undoubtedly a major opportunity" and Herzog expects Monster to grow its share of the global energy category to 20% from 8%, but she says the company is nevertheless currently "fairly valued." Turning to China specifically, the analyst highlighted two potential hurdles for the company's efforts in the country: The competitive structure of China's energy drink market is similar to that of beer, a space in which new entrants "have had a very difficult time" competing against local juggernauts; and Monster's local product is one-third the price of its U.S. cans, with Herzog modeling just 10% gross margins and hefty operating expenses in the country. The analyst contended that Monster's China business is worth only $2-$3 per share, and reiterated her Market Perform rating on the stock.

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