UBS Thinks Coca-Cola (KO) Should Buy Hansen Natural (HANS)
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UBS has a research report out today accessing Hansen Natural (Nasdaq: HANS) as a takeover play. The firm said their core investment thesis on Hansen's is still the company's strong fundamentals, but they see upside from a potential takeover.
UBS analyst, Kaumil S. Gajrawala, believes Coca-Cola (NYSE: KO) is the most likely suitor for Hansen. The firm cites seven reasons HANS is a good fit for KO: 1. KO is losing market share in the fast growing energy category, 2. KO can capture external distribution profits of over $400 million, 3. HANS Moster brand can be leveraged globally by KO, 4. advertising, marketing, and SG&A savings from a deal, 5. capable management in place at HANS, 6. expansion into food service, 7. potential tax implications under a new administration.
UBS is reiterating their Buy rating and $53 price target on Hansen Natural.
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Comments
At what price
I would vote for a sell price above.$45 per share. Else forget it.
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sell price
The dog on Jun 13, 2008 03:38 PMshould be $88 but not lower than $60