Morgan Stanley raised the firm’s price target on Monster Beverage (MNST) to $87 from $81 and keeps an Overweight rating on the shares. The firm is citing its building confidence in sustainably higher growth than peers, upside vs. consensus following more detail at Analyst Day, strong U.S./European scanner data, and in-depth discussions with the management, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNST:
- Monster Beverage price target raised to $85 from $77 at BofA
- Monster Beverage management to participate in a webinar with Jefferies
- Monster Beverage price target raised to $87 from $82 at Citi
- Monster Beverage price target raised to $82 from $78 at Stifel
- Monster Beverage price target raised to $70 from $66 at Roth Capital