Monster Beverage brand equity improving, says Goldman Goldman's brand survey indicates Monster Beverage's "brand health" has improved, indicating there is room share upside. The firm believes the recent slowdown in energy drink category sales is macro related and that sentiment has gotten overly bearish ahead of Thursday's earnings report. Shares are Buy rated with a $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.