Monster Beverage (MNST) Analyst Day Shows The Model is Working - Credit Suisse

Credit Suisse analyst Kaumil Gajrawala reiterated an Outperform rating and $77.00 price target on Monster Beverage (NASDAQ: MNST) on the belief that the company's analyst day conveyed that the the current strategy is working: focus on growth with strategically smart marketing and innovation stewarded by a conservative, yet entrepreneurial management team. The company also offered a new product that could expand the market: Predator.

The analyst stated "The under-the-radar launch of Predator intrigues us as a play within the affordable energy category. At a lower price point, the concentrate model suggests potentially attractive profitability with fewer established competitors. The company will slowly expand the brand beyond its existing 16 markets".

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 $64.25 yesterday.

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