Truist Securities Maintains Sell on Monster Beverage, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bill Chappell maintains a Sell rating on Monster Beverage (NASDAQ:MNST) and lowers the price target from $46 to $40.
August 09, 2024 | 1:20 pm
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Truist Securities has maintained a Sell rating on Monster Beverage and lowered the price target from $46 to $40, indicating a bearish outlook.
The Sell rating and lowered price target from $46 to $40 by Truist Securities suggest a negative outlook for Monster Beverage. This could lead to a short-term decline in the stock price as investors react to the bearish sentiment.
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