Roth MKM Maintains Neutral on Monster Beverage, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Sean McGowan has maintained a Neutral rating on Monster Beverage (NASDAQ:MNST) but has lowered the price target from $57 to $55.
November 20, 2023 | 2:34 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 reduction in price target by Roth MKM could suggest a slightly less optimistic outlook on Monster Beverage's future stock performance, but the maintenance of a Neutral rating indicates no significant change in the company's fundamentals. Investors may perceive the price target cut as a minor negative, but since the rating remains unchanged, the impact is likely to be muted.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100