Deutsche Bank Maintains Buy on Monster Beverage, Lowers Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Steve Powers maintains a Buy rating on Monster Beverage (NASDAQ:MNST) but lowers the price target from $63 to $59.
August 08, 2024 | 4:12 pm
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NEUTRAL IMPACT
Deutsche Bank analyst Steve Powers maintains a Buy rating on Monster Beverage but lowers the price target from $63 to $59.
The maintained Buy rating suggests continued confidence in Monster Beverage's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100