Goldman Sachs Downgrading Hansen Natural To Neutral

In a report published by Goldman Sachs, Hansen Natural (NASDAQ: HANS) is downgraded to Neutral.

Goldman Sachs said that it is downgrading shares of HANS from Buy to Neutral in conjunction with reinstating Sara Lee (SLE) with a Buy rating. “We continue to remain constructive on the HANS story long-term, but we are taking profits given more balanced risk/reward after sizable absolute and relative outperformance over the past 6-9 months. Fundamentally, we see HANS continuing to deliver best-in-class sales growth, but we believe higher can costs could limit earnings upside in the near term. Since our upgrade on May 18, 2010 HANS shares are up 41% vs the S&P +18%. HANS share are up 38% over the past 12-months vs the S&P +16%.”

Hansen Natural closed yesterday at $56.37.