UBS Reiterates a 'Buy' on Monster Beverage (MNST); The Next Leg Up

UBS reiterates a 'Buy' on Monster Beverage (NASDAQ: MNST) price target raised from $110 to $125.

UBS analyst says, "We are raising our 2012-13 EPS ests for MNST to $3.88 and $4.74 (prev: $3.77 and $4.61) to reflect ongoing better-than-expected growth contribution from new products (e.g. Rehab and Absolutely Zero). We also raise our 4Q11 EPS est to $0.75 (Street: $0.72), as better-than-expected sales from new products and continued organic growth support upside to our previous (and Street) estimates."

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 $104.79 yesterday.

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