Goldman Has Buy On Hansen Natural (HANS)

Goldman Sachs is out with a research report on Hansen Natural Corp. HANS and has a Buy rating and a $60 price target on shares. In a note to clients, Goldman writes, "We have received chain convenience store sales for energy drinks for the 4 weeks ended January 22, 2010. Total energy category sales grew 15% which is a 300bps acceleration from last month. The category continues to outpace the broader non-alcoholic beverage industry growth by a wide margin. HANS sales growth was encouraging, with sales increasing 21%. Red Bull sales were +17%, Rockstar +21%, Pepsi brands -5%, and KO brands -21%. We note that the data include coffee-based energy drinks, but exclude energy shots." Shares of HANS are up $1.55 to $56.76, a gain of over 2.8%.