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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 companyís 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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March 31, 2015
12:16 EDTMNSTNielsen data shows Monster C-store sales slowed recently, says Jefferies
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March 18, 2015
16:49 EDTMNSTMonster Beverage names Mark Hall as Chief Marketing Officer
On March 12, Monster Energy entered into a letter agreement with Mark Hall. The Hall Agreement confirmed Hallís position change from Chief Brand Officer to Chief Marketing Officer of Monster Energy on a full-time basis, effective as of January 1, 2015.

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