Citi Initiates Coverage On Hansen Natural Corp (HANS)

Citi Investment Research is initiating coverage on Hansen Natural Corp HANS with a Hold rating and a $58 price target on shares. In a note to clients, Citi writes, "HANS underwent a period from 1992-2002 during which time the company was focused on natural soda and juice beverages, primarily in California. However, since Monster Energy was launched in 2002, HANS has become a true leader in the energy drinks category. Today, HANS is set to go global." Shares of HANS closed at $54.99 today, up 50 cents.