Hansen Natural Corp. (NASDAQ:HANS) was downgraded by Goldman Sachs this morning basedupon recent gains in the stock reflecting valuations. Goldman Sachs believes this reflects the potential that it sees for new product growth and geographic and channel growth. At the $59 close yesterday the stock was apparently up over 47% since it had been added to Goldman’s BUY LIST on June 14, 2007, compared to a mere 1.1% gain in the S&P 500 index. It also noted the sever outperformance over the last year with Hansen up over 89% versus an S&P gain of 15.4%.
If pre-market trading is accurate it appears that HANS shares are down 5% around $56.00 in very early indications. Its 52-week trading range is $24.75 to $61.65, and its market cap was almost $5.4 Billion as of yesterday’s close.
Jon C. Ogg
October 4, 2007
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