BMO Capital Maintains Market Perform on Monster Beverage, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Andrew Strelzik has maintained a Market Perform rating on Monster Beverage (NASDAQ:MNST) but has lowered the price target from $58 to $56.

May 03, 2024 | 3:40 pm
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BMO Capital maintains a Market Perform rating on Monster Beverage but lowers the price target from $58 to $56.
The reduction in the price target by BMO Capital suggests a more cautious outlook on Monster Beverage's stock value in the short term. This adjustment reflects analyst Andrew Strelzik's revised expectations, potentially due to factors affecting the company's market position or financial performance. Such a move can influence investor sentiment and possibly lead to a decrease in stock price as market participants adjust their expectations based on this new analyst target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100