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Monster Beverage price target raised to $96 from $87 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Monster Beverage (MNST) to $96 from $87 and keeps an Overweight rating on the shares. The firm views enhanced management execution, which adds to the already high long-term sustainability of Monster’s outsized topline growth, as “an underappreciated source of upside,” the analyst tells investors.

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