JP Morgan Downgrades Monster Beverage to Neutral, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira downgraded Monster Beverage (MNST) from Overweight to Neutral and reduced the price target from $66 to $59, indicating a more cautious outlook on the stock.
April 25, 2024 | 12:52 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Monster Beverage was downgraded by JP Morgan from Overweight to Neutral, with a price target cut from $66 to $59, reflecting a more conservative view on the company's stock.
The downgrade by a major analyst like JP Morgan can lead to a negative short-term sentiment among investors, potentially causing a decrease in stock price. The reduction in price target further emphasizes a lowered expectation for the stock's performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100