Jefferies Starts Hansen Natural (HANS) at Buy, Sees 19% Upside

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Jefferies initiates coverage on Hansen Natural (NASDAQ: HANS) with a Buy rating and $85 price target, suggesting 19% upside.

The firm states, "We are buyers of HANS share for three reasons: 1) Monster Energy brand winning market share in fastest growing beverage category, 2) we believe Monster is in just the 2nd inning of international growth opportunity and 3) valuation does no fully reflect HANS's elite fundamentals - especially as an extremely rare large-cap consumer growth story."

For more ratings news on Hansen Natural click here and for the rating history of Hansen Natural click here.

Shares of Hansen Natural closed at $71.65 yesterday, with a 52 week range of $37.28-$71.96.

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