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MNST

Monster Beverage

$57.81

-0.38 (-0.65%)

15:17
11/11/19
11/11
15:17
11/11/19
15:17

Monster Beverage said to be discussing possible price hikes, says Evercore ISI

Evercore ISI analyst Robert Ottenstein said he has been informed by a "handful of sources" that Monster Beverage, as well as the major convenience store distribution companies, are having talks with retailers regarding new price increases "with varying degrees of success," though some industry participants tell him they have not heard about anything beyond typical price discussions. Though it seems logical to him that Monster would look to close its price gap with Bang energy, "at this point, there is not enough information to make any judgments and price increase discussions are always a tug of war," the analyst added. Ottenstein has an In Line rating on Monster shares.

MNST Monster Beverage
$57.81

-0.38 (-0.65%)

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.
11/04/19
STFL
11/04/19
NO CHANGE
Target $71
STFL
Buy
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."
11/08/19
JEFF
11/08/19
NO CHANGE
Target $70
JEFF
Buy
Monster Beverage price target raised to $70 after 'strong' Q3 at Jefferies
Jefferies analyst Kevin Grundy raised his FY19-21 EPS estimates for Monster Beverage by about 1% following the company's "strong" Q3 results, adding that he believes the company's report of 8.6% forex-neutral sales growth, or 14.6% adjusted for advance purchases, in October should be "well received." The analyst, who continues to view Monster's valuation as "compelling," keeps a Buy rating on the stock and raised his price target to $70 from $68.

TODAY'S FREE FLY STORIES

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LUV

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MASI

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ACHN

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12:04
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MIC

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TCBK

TriCo Bancshares

$38.57

0.09 (0.23%)

12:03
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PK

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BRY

Berry Petroleum

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AZZ

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EXPR

Express

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TGT

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MSFT

Microsoft

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General news
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