Piper Sandler Upgrades Monster Beverage to Overweight, Raises Price Target to $63
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Michael Lavery has upgraded Monster Beverage (NASDAQ:MNST) from Neutral to Overweight and raised the price target from $60 to $63.
August 07, 2023 | 9:10 am
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Monster Beverage has been upgraded from Neutral to Overweight by Piper Sandler, with a raised price target from $60 to $63.
The upgrade from Neutral to Overweight indicates that the analyst believes the stock will outperform the market or its sector in the short term. The raised price target suggests the analyst sees potential for the stock's price to increase. This is likely to have a positive impact on the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100