UBS Sees Takeover of Monster (MNST) at $84-$100/Share

Shares of Monster Beverage (Nasdaq: MNST) are up more than 14 percent Monday afternoon following some late-morning headlines from the WSJ that Coca-Cola (NYSE: KO) may be in talks to purchase the company. Although shares initially spiked to over $80 (to a session high at $83.96), Monster shares are now trading around $75.50.

UBS's Kaumil Gajrawala already weighed in on the rumors, saying Monster would be a good fit for Coke, likely offering at least $600 million in cost synergies. The analyst believes Monster could receive $84-$100 per share in a takeover. This range would offer further upside of 11-32 percent from where the stock is trading Monday.

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of Monster Beverage.

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