Monster Beverage estimates raised ahead of investor meeting at Goldman Goldman raised Monster Beverage estimates ahead of the January 7 investor meeting given re-accelerating sales trends and likely upbeat commentary around pipeline innovation. The firm expects shares to outperform in 1H 2014 and raised its price target to $79 from $70.
News For MNST From The Last 14 Days
Check below for free stories on MNST the last two weeks.
Monster Beverage channel data relatively in-line, says Jefferies Jefferies said Total energy drink sales were up 5.9% year-over-year in the C&G channel for the four weeks ended August 2, down from +6.6% in the prior 12-weeks ended July 5. The firm said the data is relatively in-line with Monster Beverage Street expectations.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.