Stifel Nicolaus Raises Price Target on Hansen Natural (HANS) to $58
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Stifel Nicolaus reiterates its Buy rating on Hansen Natural (Nasdaq: HANS) and raises its price target on the Company from $55 to $58.
The firm said it is more confident in Hansen Natural after a recent meeting with management and additional channel checks, which both suggested that Hansen will continue to see positive momentum in its high margin, high growth segment.
Stifel Nicolaus raised its FY08 and FY09 EPS estimates from $2.04 to $2.07 and from $2.40 to $2.47, respectively.
Hansen Natural Corporation, through its subsidiaries, engages in the development, marketing, sale, and distribution of beverages in the United States and Canada.
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