Piper Sandler Downgrades Monster Beverage to Neutral, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery has downgraded Monster Beverage (NASDAQ:MNST) from Overweight to Neutral and lowered the price target from $63 to $50.
October 24, 2023 | 3:42 pm
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NEGATIVE IMPACT
Monster Beverage has been downgraded from Overweight to Neutral by Piper Sandler, with a lowered price target from $63 to $50.
The downgrade from Overweight to Neutral by Piper Sandler, along with a lowered price target, indicates a less optimistic outlook for Monster Beverage. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100