Monster Beverage estimats lowered on soft US and Europe sales at Goldman Goldman lowered Monster Beverage estimates following softer US c-store + AOC and EU data. The firm lowered 2014 EPS to $2.52 from $2.60 and 2015 EPS to $2.95 from $3.06 but said recent softness is not surprising. Shares remain Buy rated with an $85 price target.
Monster Beverage upgraded to Buy from Outperform at CLSA CLSA upgraded Monster (MNST) to Buy and raised estimates to reflect higher international growth forecasts from its partnership with Coca-Cola (KO). Price target raised to $130 from $110.