Analyst Says Monster (MNST) Poised to Rebound

January 11, 2013 3:24 PM EST
Get Alerts MNST Hot Sheet
Price: $43.51 +0.37%

Rating Summary:
    17 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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According to recent data from Neilson, Monster (NASDAQ: MNST) showed 10.5 percent sales growth for the 4-week period ended December 22nd. This was well below November sales growth and the slowest 4-week period in 2 years, noted a report by SunTrust.

However, analyst William Chappell isn't overly concerned. He related weakness to negative headlines in December and thinks shares of the energy drink maker are poised to rebound. The disappointing results, in Chappell’s view, were "ironically encouraging".

Shares of Monster Beverage Corporation climbed 4.5 percent on Friday.

SunTrust Robinson Humphrey has a Buy rating on Monster Beverage (NASDAQ: MNST) price target of $70.00.

For an analyst ratings summary and ratings history on Monster Beverage click here. For more ratings news on Monster Beverage click here.

Shares of Monster Beverage closed at $48.76 yesterday.

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