Hansen Rises on Upgrade

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Shares in drink maker Hansen Natural Corp. gained nearly 6 percent Tuesday after shares in the company were upgraded by a JPMorgan analyst.


Dara Mohsenian raised her rating for shares in the Corona-based firm saying sales of Hansen’s new Java Monster energy drinks should lift the stock. She added that sales of the company’s Monster drink have held up despite declining consumer spending.


Mohsenian said that sales of the new Java Monster drink have been “very successful” to date, leading Hansen to plan five new coffee drinks this year, along with a price increase of about 10 percent.


“While we do think consumer spending softness remains a significant risk factor, it does not appear to be driving a large slowdown for Monster or Hansen,” she said.


Shares in Hansen were up 5.5 percent to $42.26 in early trading Tuesday on the Nasdaq.

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