Analysts: Monster Beverage Will Move Higher and 3 More Research Notes to Look Over
Monster Beverage (NASDAQ:MNST): SunTrust believes that Monster Beverage is poised to move higher over the next few months, driven by easing comps, reduced headline risk, improving gross margins from local manufacturing launches in Japan, a rebound in higher margin U.S. sales, and strong growth in existing markets. The firm raised its price target to $75 from $65 and reiterates its Buy rating.
NetApp (NASDAQ:NTAP): Morgan Stanley has upgraded shares of NetApp to Overweight from Equal Weight after channel checks indicate storage growth is set to accelerate in the second half of 2013, driven by pent-up demand. The firm views NetApp as one of the best plays for a storage budget recovery and has a price target of $46 on the shares.
Tesla Motors (NASDAQ:TSLA): Northland Securities has raised its price target on Tesla to $230 from $95 to reflect success of its leasing product. The firm believes that the successful introduction of its Gen 3 models will increase its market share to 5 percent among its peers by 2020, and rates the shares at Outperform.
Qualcomm (NASDAQ:QCOM): Lazard Capital has downgraded Qualcomm to Neutral from Buy, citing the company’s diminishing advantage in flagship smartphone solutions.