HSBC Initiates Coverage On Monster Beverage with Buy Rating, Announces Price Target of $72
Portfolio Pulse from richadhand@benzinga.com
HSBC analyst Carlos Laboy has initiated coverage on Monster Beverage (NASDAQ:MNST) with a Buy rating and a price target of $72.
August 14, 2023 | 9:59 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HSBC has initiated coverage on Monster Beverage with a Buy rating and a price target of $72, which could positively impact the company's stock.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, HSBC's Buy rating and price target of $72 for Monster Beverage could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100