Citi Adds Monster Beverage (MNST) to U.S. Focus List; Sees Numerous Catalysts

Citi added Monster Beverage (NASDAQ: MNST) to its US Focus List with shares down 3% since their upgrade, due in part to Nielsen data that showed that the company's market share has come under a bit of pressure.

The analyst sees a number of catalysts over the next 12 months:

• Signs that U.S. distribution transition has stabilized;
• potential for entering new markets (i.e. China);
• Potential signing of new distribution agreements in overseas markets (i.e. Brazil);
• Potential improvement to come in international margins;
• Potential impact of new product launches;
• Potential for big share repo's, given new cash hoard; and
• Potential for KO to increase stake.

The firm maintained a Buy rating and price target of $155.

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 $126.91 yesterday.

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