MNST
downgradedto neutral from buy @ GUGG - and cut
tgt to $60 from $74 given our view that the stock will be range
bound for at least the next 6 to 9 months until the market can
better gauge the impact on Monster from the planned January launch
of Coca-Cola Energy in the US. In Europe, the longer-term
implications of the launch are still largely unknown, but we are
seeing some early signs of softness for Monster (along with a
broader category slowdown) in Great Britain and Germany. We are
reducing our EPS estimates in FY19 / FY20 / FY21
Monster Beverage shares are trading lower after Guggenheim
downgraded the company's stock from Buy to Neutral and lowered the
price target from $74 to $60.
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mnst downgraded MNST downgradedto neutral from
Posted by billk on 2nd of Oct 2019 at 08:33 am
mnst downgraded
MNST downgradedto neutral from buy @ GUGG - and cut tgt to $60 from $74 given our view that the stock will be range bound for at least the next 6 to 9 months until the market can better gauge the impact on Monster from the planned January launch of Coca-Cola Energy in the US. In Europe, the longer-term implications of the launch are still largely unknown, but we are seeing some early signs of softness for Monster (along with a broader category slowdown) in Great Britain and Germany. We are reducing our EPS estimates in FY19 / FY20 / FY21
Thanks billk Monster Beverage shares are
Posted by steve on 2nd of Oct 2019 at 08:53 am
Thanks billk
Monster Beverage shares are trading lower after Guggenheim downgraded the company's stock from Buy to Neutral and lowered the price target from $74 to $60.