Monster Beverage (MNST) Gains; Being Tested in McDonald's Stores - Analyst

(Updated - October 20, 2015 9:58 AM EDT)

Monster Beverage (NASDAQ: MNST) is bid higher early related to speculation from an analyst that McDonald's (NYSE: MCD) is testing in some stores. Shares are up 2.3% early.

UPDATE: In a report to clients this morning, Evercore ISI analyst Robert Ottenstein noted that Monster is being tested in a limited number of McDonald's stores.

The analyst sees the potential for $1-$1.5 billion of incremental revenue and $1.30-$2.00 of incremental EPS just in the U.S. from this opportunity.

The company was unavailable to comments at this time.

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