Canaccord Adams Downgrades Hansen Natural (HANS) to Hold
More News related to HANS
- Hansen Natural (HANS) volatility flat; shares trend lower on energy drink volume concerns
- David Moenning's Daily State of the Markets: 6/18
- Hansen Natural Announces Webcast Details for Annual Stockholders' Meeting
- Barron's Prefers Campbell Soup (CPB) To Hansen Natural (HANS)
- David Moenning's Daily State of the Markets: 5/8
Canaccord Adams downgrades Hansen Natural Corporation (Nasdaq: HANS) from Buy to Hold and lowers their price target from $37 to $34, reflecting near-term earnings concerns relative to Street expectations.
Analyst Scott Van Winkle, said, "Considering Hansen’s Q1 results last week, further review of the 10-Q, a difficult Q2 comparison, potential for incremental gross margin risk due to product mix, and the challenging convenience store environment in the near term, we see risk to consensus expectations that could limit share price appreciation. With growth moderating, there is the potential for further increased sponsorship/ promotions; along with further shift toward lower-margin Java Monster sales, we see more risk than upside potential to earnings. Investors can certainly look forward to the potential posed by our ongoing belief that Hansen is an appealing acquisition candidate at a premium valuation, but this potential isn't a near-term opportunity factored into our investment thesis."
Related Categories
DowngradesStocks Mentioned
-1.02Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
