NEW YORK (TheStreet) -- Monster Beverage (MNST) shares are up 0.9% to $89.92 in after-hours trading on Monday, regaining some of the ground it lost in trading during the day following a downgrade from analysts at Jefferies (JEF) .
The stock experienced a 20% jump last week after Coca-Cola (KO) announced that it had entered into a long-term strategic partnership with the energy beverage manufacturer.
Analysts at Jefferies made a valuation call in downgrading the stock to "hold" from "buy" in the aftermath of the Coke induced spike in the company's shares which declined 5% during trading today.
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Separately, TheStreet Ratings team rates MONSTER BEVERAGE CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MONSTER BEVERAGE CORP (MNST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."