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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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June 26, 2015
10:26 EDTMNSTMonster Beverage calls active
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June 25, 2015
07:39 EDTMNSTMonster Beverage legacy international sales can at least triple, says Stifel
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June 22, 2015
17:29 EDTMNSTCoca-Cola reports 16.7% stake in Monster Beverage
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June 16, 2015
11:11 EDTMNSTMonster Beverage climbs after added to Citi Focus List
Energy drink maker Monster Beverage (MNST) is advancing after Citi added the stock to its Focus List, saying that the company has many potential positive catalysts. WHAT'S NEW: Monster's stock can rise significantly from current levels, as it has many potential positive catalysts that can kick in over the next 12 months, Citi analyst Wendy Nicholson wrote in a note to investors today. Specifically, the company can enter new markets such as China and its overseas profit margins may increase, the analyst stated, adding that Monster may also sign new distribution deals in foreign markets and launch new products. Other potential catalysts include signs that the distribution of the company's drinks in the U.S. has become smoother in the wake of its transition to Coca-Cola's (KO) system and the possibility that the soda giant will increase its stake in Monster, the analyst believes. Monster could initiate large share repurchases, given the huge amount of cash it received from Coca-Cola, the analyst stated. She predicted that the company's earnings before interest and taxes would grow at an "outsized" compound annual growth rate of 12% over the next five years and kept a $155 price target and Buy rating on the stock. WHAT'S NOTABLE: UBS on June 12 upgraded Monster to Buy from Neutral, saying that the short-term risks facing the company were already priced into the stock, while the beverage maker's U.S. and foreign growth outlook is strong. The analyst predicted that Coca-Cola would increase its stake in the company to 25% from its current 16.7% level. Also on June 12, Monster and Coca-Cola announced that the acquisition of the 16.7% stake in Monster by Coke had been closed. PRICE ACTION: In late morning trading, Monster climbed 4% to $132.
07:25 EDTMNSTMonster Beverage added to U.S. Focus List at Citi
Citi added Monster Beverage to its U.S. Focus List saying it sees "considerable" upside potential from current share levels. Citi calls Monster its top pick in U.S. Beverages and keeps a Buy rating on the stock with a $155 price target.

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