Roth MKM Maintains Neutral on Monster Beverage, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Sean McGowan maintains a Neutral rating on Monster Beverage (NASDAQ:MNST) and lowers the price target from $59 to $56.

June 12, 2024 | 3:48 pm
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NEGATIVE IMPACT
Roth MKM analyst Sean McGowan maintains a Neutral rating on Monster Beverage and lowers the price target from $59 to $56.
The lowered price target from $59 to $56 suggests a less optimistic outlook for Monster Beverage's stock performance. The Neutral rating indicates that the analyst does not expect significant movement in the stock price, but the reduction in the price target could lead to a slight negative sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100