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MNST

Monster Beverage

$56.21

0.06 (0.11%)

09:00
11/04/19
11/04
09:00
11/04/19
09:00

Stifel cuts Monster Beverage estimates, maintains Buy rating on long-term view

Stifel analyst Mark Astrachan lowered his 2019-2020 sales and EPS estimates for Monster Beverage to reflect U.S. scanner data that points to slowing growth and he now models 5.0% U.S. growth through 2020, down from his prior forecast of about 6.5%. While in the nearer term he expects Monster's U.S. growth to remain muted, he expects an acceleration in 2020, which he expects to be "an above-average year of innovation" at Monster. Astrachan keeps a Buy rating and $71 price target on Monster Beverage shares, noting that he sees the stock's current valuation as "undemanding."

  • 07

    Nov

MNST Monster Beverage
$56.21

0.06 (0.11%)

10/17/19
COWN
10/17/19
DOWNGRADE
Target $65
COWN
Market Perform
Monster Beverage downgraded to Market Perform from Outperform at Cowen
Cowen analyst Vivien Azer downgraded Monster Beverage to Market Perform from Outperform with a price target of $65, down from $69.
10/17/19
COWN
10/17/19
DOWNGRADE
Target $65
COWN
Market Perform
Monster Beverage downgraded to Market Perform on share loss at Cowen
As previously reported, Cowen analyst Vivien Azer downgraded Monster Beverage to Market Perform from Outperform with a price target of $65, down from $69. Monster has ceded, on average, 220 basis points of dollar market share over the last six months and an average 210 basis points of market share over the last 12 months, Azer tells investors. Though market share losses have abated some in the most recent four-week period, "this market share shift seems to have legs" and the launch of Reign has not been a sufficient response to category disrupter, Bang, the analyst added.
10/17/19
10/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Neutral from Outperform at Macquarie with analyst Tim Nollen saying growth in Netflix's key metric, subscribers, is slowing in the U.S. but still strong abroad. 2. Comerica (CMA) downgraded to Underweight from Neutral at JPMorgan and to Neutral from Overweight at Piper Jaffray. 3. Pattern Energy (PEGI) downgraded to Neutral from Buy at Goldman Sachs with analyst Brian Lee citing limited return potential to his revised price of $25, which he raised from $24. 4. Monster Beverage (MNST) downgraded to Market Perform from Outperform at Cowen with analyst Vivien Azer saying Monster has ceded, on average, 220 basis points of dollar market share over the last six months and an average 210 basis points of market share over the last 12 months. 5. Cheesecake Factory (CAKE) downgraded to Market Perform from Outperform at Raymond James with analyst Brian Vaccaro citing his view that lower near-term comp visibility and a below-Street 2020 EPS estimate of $2.65 offset his favorable outlook of its recently acquired growth concepts and the stock's reasonable valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/01/19
JEFF
11/01/19
NO CHANGE
JEFF
Sports and energy drinks still strong in Europe, says Jefferies
European Nielsen sales trends were little changed for the four weeks ended October, with sports/energy drinks and salty snacks "still strong" at up 5.7% and up 5.1%, respectively, Jefferies analyst Kevin Grundy tells investors in a research note. In addition, Monster Beverage (MNST) gained share despite the launch of Coke Energy (KO), the analyst adds. He notes that European carbonated soft drinks "remain muted" as the industry cycles difficult year-over-year comps. Monster and Coca-Cola European Partners (CCEP) remain Grundy favored cap beverage stocks.

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