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rgin improvement from highly visible cost synergies; (2) double-digit EPS growth outlook over the next three years driven by margin gains and de-leveraging; and (3) potential for a positive multiple re-rating (currently at 15X NTM P/E) as EPS growth accelerates and FCF steps up, analyst Judy Hong wro
"We underestimated the magnitude and duration of the negative sales and profit impact stemming from weaker brewer sales during the holiday season and we find it difficult to defend the stock after a third guidance cut," wrote Goldman Sachs analysts Judy Hong and Freda Zhuo in a research note today.
Date: Aug 06, 2015
Category: Business
Source: Google
Is Monster Beverage Corp Stronger Than the Beastie Boys?
On June 3, Goldman Sachs analyst Judy Hong also reiterated a BUY rating forMonster Beverage Corp (NASDAQ:MNST) with an $85 price target. Hong has an +8.3% average return on all stock recommendations and an 82% success rate. Her average return on Monster Beverage Corp alone is +7.8%.
Boston Beer is best known for its lager, but an important part of its recent growth comes from sales of other products, such as hard cider. Sales of Angry Orchard cider have surpassed all forecasts, according to a Goldman Sachs analyst, Judy Hong.
THE ANALYSIS: Goldman Sachs analyst Judy Hong said the FDA's response makes her think that she's right in predicting that the agency's study will not result in regulation that hurts Monster's finances. The most likely outcome would be requirements for increased disclosure of possible risks and stron
that set off a rally on Tuesday in the stock of Monster Beverage, the producer of Monster Energy. Company shares closed at $51.97, up over 13 percent. Any regulatory outcome is likely to be benign, Judy Hong, an analyst at Goldman Sachs, said in a note to investors, according to Bloomberg News.
Date: Nov 27, 2012
Category: Health
Source: Google
Monster Shares Rise as Goldman Downplays Regulatory Risk
help of outside advisers todetermine whether the beverages may cause harm when consumed inexcess or by those with pre-existing cardiac conditions, itwrote in a letter released today. Any regulatory outcome islikely to be benign, Judy Hong, an analyst with GoldmanSachs, said today in a note.