Roth MKM Maintains Neutral on Monster Beverage, Lowers Price Target to $55-REPORT RELEASED ON 19TH NOVEMBER 2023
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Sean McGowan has maintained a Neutral rating on Monster Beverage (NASDAQ:MNST) and lowered the price target from $57 to $55.
November 20, 2023 | 2:32 pm
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NEUTRAL IMPACT
Roth MKM has maintained a Neutral rating on Monster Beverage and reduced the price target from $57 to $55.
The adjustment in price target by Roth MKM reflects a slightly less optimistic outlook on Monster Beverage's stock value, but the maintenance of a Neutral rating suggests no significant change in the company's fundamentals. This may lead to a neutral short-term impact on the stock as the market absorbs the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100