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MNST

Monster Beverage

$55.93

-1.48 (-2.58%)

07:11
04/09/18
04/09
07:11
04/09/18
07:11

Citi reiterates Buy on Monster Beverage with shares down year-to-date

Despite a "big" slowdown in China, the global energy drink category remains a growth market, Citi analyst Wendy Nicholson tells investors in a research note. Monster Beverage continues to gain market share globally, and still has "plenty of runway ahead," the analyst adds. She reiterates a Buy rating on Monster with a $70 price target amid the stock's year-to-date decline. The stock remains on Citi's U.S. Focus List.

MNST Monster Beverage
$55.93

-1.48 (-2.58%)

03/05/18
DBAB
03/05/18
UPGRADE
Target $63
DBAB
Buy
Monster Beverage upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Steve Power upgraded Monster Beverage to Buy with an unchanged price target of $63. The selloff since the company's "weak" results on March 1 is an "overly negative reaction," presenting a buying opportunity, Power tells investors in a research note. Monster remains a "compelling growth story in a sector where growth is increasingly scarce," the analyst adds. He believes the shares are likely to rebound on "stable/strong" Nielsen trends and reaccelerating growth as Q1 results are released.
03/05/18
MSCO
03/05/18
NO CHANGE
Target $67
MSCO
Overweight
Monster Beverage selloff a 'compelling' buying opportunity, says Morgan Stanley
Morgan Stanley analyst Dara Mohsenian said he views the 15% selloff in Monster's stock following the company's earnings report as a "compelling" buying opportunity. While the Q4 results were "much worse than expected," he sees some silver linings that could emerge in terms of a potential margin recovery at some point and he still sees sizeable long-term growth potential ahead of market expectations, Mohsenian tells investors. He has a $67 price target on Monster Beverage shares.
03/05/18
SBSH
03/05/18
NO CHANGE
Target $70
SBSH
Buy
Monster Beverage added to U.S. Focus List at Citi
Citi analyst Wendy Nicholson added Monster Beverage to her firm's U.S. Focus List saying the recent pullback in the stock represents an attractive re-entry point for investors. The analyst views the current valuation as compelling and keeps a Buy rating on Monster with a reduced price target of $70.
03/05/18
03/05/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Monster Beverage (MNST) upgraded to Buy from Hold at Deutsche Bank with analyst Steve Power saying the selloff since the company's "weak" results on March 1 is an "overly negative reaction," presenting a buying opportunity. 2. Northwest Natural Gas (NWN) upgraded to Market Perform at Wells Fargo with analyst Sarah Akers citing valuation. 3. Valeant (VRX) upgraded to Buy from Hold at Deutsche Bank with analyst Gregg Gilbert saying with the shares down 20% since the company reported "solid" fourth quarter results and a "decent" 2018 outlook, the price target suggests "significant upside" over the next year if Valeant continues to execute. 4. Newpark Resources (NR) upgraded to Buy from Hold at Johnson Rice with analyst George Venturatos citing its improving market share in the core Fluids segment, leverage to recent rig count gains and its strong free cash flow profile. 5. Tractor Supply (TSCO) upgraded to Buy from Neutral at MoffettNathanson. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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