Sruvey results disappointing for Monster Beverage, says Longbow After conducting a survey last month regarding energy drinks, Longbow reports that the growth of Monster Beverage's sales at C&G locations decelerated significantly versus Q1 and late 2013. The firm reports that Monster is being pressured in some locations by the launch of "alternative" energy drinks. It reiterates a $57 price target and Underperform rating.
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.