Monster Beverage shares are trading lower after Truist Securities downgraded the stock from Buy to Sell and lowered its price target from $65 to $46.
Portfolio Pulse from Benzinga Newsdesk
Monster Beverage shares dropped following a downgrade by Truist Securities from Buy to Sell, with a price target reduction from $65 to $46.
April 25, 2024 | 10:42 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Monster Beverage's stock price is expected to face downward pressure in the short term due to the downgrade from Buy to Sell by Truist Securities and a significant reduction in the price target.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a sell-off. The substantial cut in the price target from $65 to $46 by Truist Securities indicates a significant revision of the stock's expected performance, likely leading to downward pressure on Monster Beverage's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100