Morgan Stanley raised the firm’s price target on Monster Beverage (MNST) to $65 from $60 and keeps an Overweight rating on the shares. Year-to-date revenue results through April were “solid, albeit slightly below consensus,” the analyst tells investors. However, the “key point” from the Q1 report and call was Monster’s “enthusiasm” and scanner data comments on the call confirming consumer takeaway is rebounding, with strong organic sale growth in a challenged consumer packed goods group, the analyst tells investors.
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Read More on MNST:
- Monster Beverage price target raised to $63 from $62 at UBS
- Monster Beverage price target raised to $54 from $51 at Piper Sandler
- Monster Beverage: Strong Margins and Positive Trends Justify Buy Rating Despite Q1 Challenges
- Monster Beverage’s Growth Potential and Strategic Initiatives Reinforce Buy Rating
- Monster Beverage Reports Mixed Q1 2025 Results
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