JP Morgan Maintains Overweight on Monster Beverage, Lowers Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Monster Beverage (NASDAQ:MNST) but lowered the price target from $65 to $57.
October 31, 2023 | 8:29 pm
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JP Morgan has maintained an Overweight rating on Monster Beverage but lowered the price target from $65 to $57.
The lowering of the price target by JP Morgan, a major financial institution, could lead to a negative sentiment among investors, potentially causing a short-term decrease in Monster Beverage's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100