Wells Fargo Maintains Overweight on Monster Beverage, Lowers Price Target to $57
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 $59 to $57.
August 08, 2024 | 12:46 pm
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Wells Fargo analyst Chris Carey maintains an Overweight rating on Monster Beverage but lowers the price target from $59 to $57.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100