Citigroup Maintains Buy on Monster Beverage, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Filippo Falorni maintains a Buy rating on Monster Beverage (NASDAQ:MNST) but has lowered the price target from $67 to $60.

October 11, 2023 | 3:51 pm
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Citigroup has maintained a Buy rating on Monster Beverage but lowered the price target from $67 to $60.
The news is directly related to Monster Beverage as Citigroup has maintained its Buy rating but lowered the price target. This could lead to mixed market reactions. While the maintained Buy rating is positive, the lowered price target could be seen as a negative signal, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100