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.

August 04, 2023 | 6:20 pm
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Morgan Stanley has reiterated an Overweight rating on Monster Beverage and maintained a $63 price target, potentially indicating confidence in the company's performance.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley indicates a positive outlook for Monster Beverage. The maintained price target of $63 suggests that the analyst believes the company's stock is currently undervalued, which could lead to an increase in the stock's price in the short term.
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IMPORTANCE 80
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