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Monster Beverage Corp (NASDAQ: MNST) was the recipient of a ratings changes during the seven days:

  • Monster Beverage Corp had its price target raised by analysts at JPMorgan Chase & Co. from $74.00 to $80.00.
  • Monster Beverage Corp had its price target raised by analysts at RBC Capital from $81.00 to $84.00. They now have a “top pick” rating on the stock.
  • Monster Beverage Corp was upgraded by analysts at Longbow Research from an “underperform” rating to a “neutral” rating. They now have a $57.00 price target on the stock.
  • Monster Beverage Corp had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $74.00 price target on the stock. Zacks‘ analyst wrote, “Monster Beverage’s second-quarter 2014 adjusted earnings of $0.81 per share surpassed the Zacks Consensus Estimate by 6.6% and the year ago mark by 31.5% on the back of solid margins, better cost leverage, and a lower tax rate. Net sales fell shy of the consensus mark by 1.5%, due to softer growth rates in the Energy category in the U.S and international markets. Revenues continued to be eroded by cannibalization of sales of existing brands by new products. However, revenue rose 8.9% year over year on the back of a robust increase in sales of new products in the U.S. Margins also benefitted due to a decrease in cost of goods sold and lower allowances. Monster Beverage continued to incur higher professional service cost related to litigations and regulatory issues. Taking all these factors into account, we prefer to remain on the sidelines. We maintain our Neutral recommendation on the stock.”
  • Monster Beverage Corp had its price target raised by analysts at BMO Capital Markets to $95.00. They now have an “outperform” rating on the stock.
  • Monster Beverage Corp had its price target raised by analysts at Stifel Nicolaus from $75.00 to $94.00. They now have a “buy” rating on the stock.
  • Monster Beverage Corp had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a $82.00 price target on the stock.
  • Monster Beverage Corp was upgraded by analysts at Credit Agricole from an “underperform” rating to an “outperform” rating.

Shares of Monster Beverage Corp (NASDAQ:MNST) opened at 93.49 on Monday. Monster Beverage Corp has a one year low of $51.15 and a one year high of $94.93. The stock has a 50-day moving average of $68.6 and a 200-day moving average of $69.19. The company has a market cap of $15.629 billion and a price-to-earnings ratio of 30.75.

Monster Beverage Corporation is a holding company. The Company develops, markets, sells and distributes alternative beverage, such as non-carbonated ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks, and single-serve still water (NASDAQ:MNST) with beverages, including sodas that are considered natural, sparkling juices and flavored sparkling beverages.

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