JP Morgan Maintains Neutral on Monster Beverage, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Monster Beverage (NASDAQ:MNST) but lowers the price target from $59 to $56.
July 23, 2024 | 1:30 pm
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JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Monster Beverage but 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, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100