B of A Securities Maintains Buy on Monster Beverage, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Peter Galbo maintains a Buy rating on Monster Beverage (NASDAQ:MNST) but lowers the price target from $63 to $58.

October 17, 2023 | 6:30 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Monster Beverage but lowers the price target from $63 to $58.
The news is directly related to Monster Beverage as the company's price target has been lowered by B of A Securities. However, the analyst maintains a Buy rating, indicating a positive outlook for the company despite the lower price target. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100