Monster Beverage Downgraded at Jefferies, Newmont Reiterated a BUY

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Monster Beverage Downgraded at Jefferies, Newmont Reiterated a BUY

Monster Beverage Downgraded at Jefferies, Newmont Reiterated a BUY
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Monster Beverage Downgraded at Jefferies, Newmont Reiterated a BUY

by TheStreet 1:13 mins

In Monday's Analysts' Actions, Monster gets a downgrade, Sterne Agee reiterates its 'Buy' on Newmont and Wisdom Tree gets a bump up at Citi. Monster Beverage (MNST) is trading lower after getting hit with a 'Downgrade.' Jefferies (JEF) is now rating the stock a 'Hold' From "Buy.' This comes after Coca-Cola (KO) announced it would take a major stake in the company. The firm says they still view the partnership as a win-win but see significantly less stock upside over the next 12 months. But the price target was raised to $95 dollars to reflect the deal. Newmont Mining (NEM) was reiterated as a 'Buy' at Sterne Agee. The firm has a $30 price target on the stock. That’s about 11% to the upside from where the stock is currently trading. The analysts there are ‘impressed with a more detailed, incentive for value attention orientation from the mining, processing and geologic personnel.’ WisdomTree Investments (WETF) was raised to 'Neutral' from 'Sell' at Citi. The firm is maintaining its $10 price target for the stock. The analysts there say the “P/E multiple is now more reasonable as valuation has come full circle.”

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