Morgan Stanley analyst Dara Mohsenian raised the firm’s price target on Monster Beverage (MNST) to $70 from $65 and keeps an Overweight rating on the shares. The firm sees sustained higher organic sales growth for Monster than peers, both near term and long term, the analyst tells investors. The firm’s 9% long-term topline growth forecast for Monster is “conservative in our minds, yet above the 7-8% consensus and similar rate that the market is pricing into valuation,” the analyst added.
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