date:Dec 14, 2012
Goldman Sachs has cited a number of reasons to buy stock in Monster Beverage Corp. after analysts attended its investor meeting in New York.
Sales have climbed nearly 20 percent during the three-week period ending Oct. 20, new products are demonstrating success, and the Corona, Calif.-based company is rapidly building share outside the United States, wrote Judy Hong, a Goldman Sachs analyst, in an equity report Wednesday.
Monster is said to have inked a distribution agreement with Ambev in Bra