Wells Fargo Maintains Overweight on Monster Beverage, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Chris Carey maintains an Overweight rating on Monster Beverage (NASDAQ:MNST) but lowers the price target from $65 to $59.
June 25, 2024 | 1:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wells Fargo analyst Chris Carey maintains an Overweight rating on Monster Beverage but lowers the price target from $65 to $59.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100