Goldman report dated 3/31 upgrades Hansen to buy with potential 40% upside in 12 months citing strong energy drink sales growth, Monster marketshare gains, increased pricing, and unwarranted discount of share price to other beverage companies.
Please note that Yahoo reports that Goldman holds 2.7M shrs of HANS
You guys really believe that this stock is going to stay up because Goldman upgrades it? Me? I'd short this puppy now and bet on a pullback. Odds are in my favor. Right now at 39.13. Talk to me on friday and let me know the share price.
And you have to believe that GS knows enough about whether the upcoming earnings will be good or not. My guess is that earnings are looking very good and that made GS comfortable with the upgrade to BUY. JMHO