Morgan Stanley Reiterates Overweight on Monster Beverage, Maintains $63 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Dara Mohsenian has reiterated an Overweight rating on Monster Beverage (NASDAQ:MNST) and maintained a $63 price target.
July 25, 2023 | 12:39 pm
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Morgan Stanley has reiterated an Overweight rating on Monster Beverage and maintained a $63 price target, potentially indicating a positive outlook for the company.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the company's stock will outperform the market or its sector in the short term. The maintained price target of $63 indicates that the analyst believes the stock has potential for growth.
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