Monster Beverage estimates trimmed at Longbow Longbow said negative headlines in the energy drink sector are having some negative impact on demand. The firm does not believe materially negative legislation is likely but trimmed estimates due to slightly lower volume growth. Shares are Neutral rated.
Monster Beverage upgraded to Buy from Outperform at CLSA CLSA upgraded Monster (MNST) to Buy and raised estimates to reflect higher international growth forecasts from its partnership with Coca-Cola (KO). Price target raised to $130 from $110.