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 initiated with a Neutral at Longbow Longbow initiated Monster Beverage with a Neutral based on tougher comps, increased new product competition, and headline risk around health concerns. The firm notes that takeout speculation by Coke offsets downside risk to shares.