Truist Securities Downgrades Monster Beverage to Sell, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bill Chappell downgraded Monster Beverage (MNST) from Buy to Sell and reduced the price target from $65 to $46.
April 25, 2024 | 10:31 am
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Monster Beverage was downgraded by Truist Securities from Buy to Sell with a price target reduction from $65 to $46.
The downgrade from Buy to Sell by a major analyst like Truist Securities, accompanied by a significant reduction in the price target, is likely to negatively impact investor sentiment and the stock price of Monster Beverage in the short term. Such a move reflects a bearish outlook on the company's future performance and valuation, leading to potential selling pressure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100