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Stock Market & Financial Investment News

News Breaks
June 19, 2014
11:14 EDTMNSTMonster Beverage rises after firms start shares with buy ratings
Shares of energy drink maker Monster Beverage (MNST) are climbing after two research firms recommended buying the stock in initiation reports earlier today. WHAT'S NEW: Monster could benefit from several factors, including accelerating energy beverage trends and strong overseas sales opportunities that are being undervalued by the market, according to Wells Fargo, which initiated coverage of the stock with an Outperform rating. Additionally, the beverage maker has multiple upcoming new products that should boost its revenue and an attractive valuation, Wells believes. The firm set a $79-$81 price target range on the stock. Similarly, research firm BTIG initiated coverage of Monster with a Buy rating, saying the market is overly pessimistic about the outlook of the energy drink sector as well as the company’s overseas sales. Additionally, the firm believes that the stock is reflecting too much concern about increased regulation of energy drinks. BTIG sees very little chance that regulators will take any action beyond placing warning labels on energy drinks. It set a $90 price target on the shares. WHAT'S NOTABLE: On June 3, BMO Capital wrote that it had more confidence in Monster's ability to maintain its growth momentum in the U.S. and strengthen its international financial results. The firm reiterated a $77 price target and Outperform rating on the stock at that time. PRICE ACTION: In mid-morning trading, Monster climbed $1.20, or 2%, to $72.60.
News For MNST From The Last 14 Days
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September 16, 2014
09:59 EDTMNSTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ACI Worldwide (ACIW) initiated with a Neutral at Sterne Agee... ADP (ADP) initiated with a Market Perform at Bernstein... ANSYS (ANSS) initiated with a Sector Perform at RBC Capital... Accenture (ACN) initiated with a Market Perform at Bernstein... Blackhawk (HAWK) initiated with a Neutral at Sterne Agee... Coca-Cola (KO) initiated with a Market Perform at Cowen... Cognizant (CTSH) initiated with an Outperform at Bernstein... Constellation Brands (STZ) initiated with a Market Perform at Cowen... Dr Pepper Snapple (DPS) initiated with a Market Perform at Cowen... GenCorp (GY) initiated with a Hold at KeyBanc... Global Payments (GPN) initiated with a Neutral at Piper Jaffray... GoPro (GPRO) initiated with a Buy at Cleveland Research... Green Dot (GDOT) initiated with a Neutral at Sterne Agee... Lionsgate (LGF) initiated with a Buy at ISI Group... MEDNAX (MD) initiated with a Neutral at SunTrust... MasterCard (MA) initiated with a Buy at Sterne Agee... Molson Coors (TAP) initiated with an Outperform at Cowen... Monster Beverage (MNST) initiated with a Market Perform at Cowen... NetSuite (N) initiated with an Outperform at RBC Capital... Oracle (ORCL) assumed with a Sector Perform at RBC Capital... PepsiCo (PEP) initiated with an Outperform at Cowen... SAP (SAP) initiated with a Sector Perform at RBC Capital... Teekay (TK) initiated with a Hold at Deutsche Bank... Tesla (TSLA) initiated with a Buy at ISI Group... Visa (V) initiated with a Buy at Sterne Agee... Western Union (WU) initiated with a Neutral at Sterne Agee... Workday (WDAY) initiated with an Outperform at RBC Capital... Yelp (YELP) initiated with a Neutral at RW Baird... Zillow (Z) initiated with an Overweight at Stephens... zulily (ZU) initiated with an Outperform at RW Baird.
September 15, 2014
16:15 EDTMNSTMonster Beverage initiated with a Market Perform at Cowen
Target $94.
September 8, 2014
15:43 EDTMNSTMonster Beverage asks court to block NY probe subpoena, Bloomberg says
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