Goldman Sachs Maintains Buy on Hansen Natural (HANS)

Goldman Sachs maintains a Buy rating for Hansen Natural Corp (NASDAQ: HANS) in a research report with a $50 price target. This came after receiving the convenience store sales for energy drinks for the four weeks ending September 4.

According to the report, Hansen saw overall sales growth of 16%; Red Bull sales were up 18% and Rockstar 21%, but Pepsi brands were down 7%, and KO brands were down 27%.

Goldman Sachs believes that this data is encouraging for healthy energy drink growth, even as year-to-year comparisons start to get tougher. All three energy drink brands are gaining market share and hold stable pricing, which in turn is keeping the competitive landscape “rational.”

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