UBS Maintains Neutral on Monster Beverage, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Peter Grom has maintained a Neutral rating on Monster Beverage (NASDAQ:MNST) and increased the price target from $57 to $62.
January 10, 2024 | 2:10 pm
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UBS has maintained a Neutral rating on Monster Beverage and raised the price target from $57 to $62, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests that the analyst sees potential for the stock to rise to the new target, which could positively influence investor sentiment and the stock price in the short term. However, the Neutral rating indicates that the analyst does not see significant catalysts for outperformance relative to the market or sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100