Analyst Update: Monster Beverage, Google, Yamana Gold

Analysts adjusted their ratings on MNST, GOOGL, and AUY

Dec 16, 2014 at 3:58 PM
facebook X logo linkedin

Analysts are weighing in today on drink maker Monster Beverage Corp (NASDAQ:MNST), Internet giant Google Inc (NASDAQ:GOOGL), and commodity concern Yamana Gold Inc. (USA) (NYSE:AUY). Here's a quick look at today's brokerage notes on MNST, GOOGL, and AUY.

  • MNST has added 1.4% today in response to CLSA's price-target hike to $130 from $110 and its upwardly revised "buy" endorsement. The stock is now trading at $106.53, up 50.3% since The Coca-Cola Co (NYSE:KO) bought a significant stake in it in mid-August. The security's run may not be over, as 55% of covering analysts rate it a "hold," leaving room for additional upgrades to boost the shares higher. Plus, Monster Beverage Corp could see more price-target hikes from brokerage firms, as it's nearing its consensus 12-month price target of $111.53.

  • GOOGL's disappointing year continues, as it has lost 3.8% today -- and touched an annual low of $498.23 -- following J.P. Morgan Securities' $70 price-target reduction to $600 from $670. The brokerage firm also cut its revenue and profit estimate for the company's current quarter, as well as the 2015 and 2016 fiscal years, but maintained its "overweight" rating. The stock was last seen at $499.50, down 10% year-to-date. Google Inc could be ripe for more downgrades, too, as 77% of covering firms rate it a "strong buy," with no analyst rating it worse than a "hold." However, GOOGL's 14-day Relative Strength Index (RSI) comes in at 32, nearing oversold territory, meaning a short-term bounce could be in its future.

  • Credit Suisse is apparently not high on gold at the moment, as it downgraded numerous commodity stocks last night, including AUY. The brokerage firm cut it outlook on the equity to "neutral" from "outperform," and reduced its price target by a $1 to $4.50. Yamana Gold Inc. (USA) was last seen down 2.9% at $3.56. If AUY doesn't rebound, it could be the victim of additional analyst downgrades, considering 69% of covering firms rate it a "buy" or better. Such a turnaround seems unlikely, though, as the security has underperformed the broader S&P 500 Index (SPX) by over 44 percentage points in the past three months.

    Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

    This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

    On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

    Start targeting gains like the ones our subscribers have seen recently, including:

    213.3% GAIN on AutoNation calls
    100.0% GAIN on Monster Beverage calls
    100.4% GAIN on Walgreens Boots Alliance puts
    100.4% GAIN on ON Semiconductor calls
    257.7% GAIN on Dell calls

    101.0% GAIN on Apollo Global Management calls
    103.6% GAIN on JP Morgan  Chase calls
    105.3% GAIN on DraftKings calls
    101.3% GAIN on Airbnb calls
    203.0% GAIN on Shopify calls
    102.0% GAIN on Cboe Global Markets calls
    100.9% GAIN on Boeing calls
    102.1% GAIN on Microsoft puts
    102.3% GAIN on First Solar calls
    101.5% GAIN on PulteGroup calls
    101.0% GAIN on Apple calls
    209.4% GAIN on NXP Semiconductors calls
    100.8% GAIN on Uber Technologies calls
    100.4% GAIN on Academy Sports and Outdoors puts
    102.2% GAIN on Trade Desk calls
    100.8% GAIN on DoorDash calls
    100.0% GAIN on Camping World Holdings puts
    100.0% GAIN on Cboe Global Markets calls
    100.2% GAIN on calls
    238.5% GAIN on Oracle calls



    Rainmaker Ads CGI