JP Morgan Maintains Neutral on Monster Beverage, Lowers Price Target to $50
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 $56 to $50.
August 08, 2024 | 4:20 pm
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JP Morgan analyst Andrea Teixeira maintains a Neutral rating on Monster Beverage but lowers the price target from $56 to $50.
The lowered price target from $56 to $50 by JP Morgan suggests a less optimistic outlook for Monster Beverage, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100