UPDATE: Jefferies Initiates Hansen Natural at Buy

Jefferies is out with its report today on Hansen Natural HANS, initiating HANS at Buy. In a note to clients, Jefferies writes, "We are buyers of HANS share for three reasons: 1) Monster Energy brand winning market share in fastest growing beverage category, 2) we believe Monster is in just the 2nd inning of international growth opportunity and 3) valuation does no fully reflect HANS's elite fundamentals - especially as an extremely rare large-cap consumer growth story." Jefferies maintains an $85 PT on HANS. Shares of HANS closed Tuesday at $71.65, up 1.07% from Friday's close.