San Fran, NY attorneys team up to probe Monster, AP reports San Francisco's city attorney and New York state's attorney general began a joint probe last month of Monster Beverage to investigate the company's marketing of its drinks to children, reported Associated Press. Monster shares are down 1% in early trading. Reference Link
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.