HSBC lowered the firm’s price target on Monster Beverage to $68 from $72 and keeps a Buy rating on the shares. While U.S. pricing is lagging, occasion, brand, pack, and price segmentation is improving, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MNST:
- MNST, STZ, COCO: Cheers! 3 Analyst-Approved Beverage Stocks
- Early notable gainers among liquid option names on February 29th
- Monster Beverage price target raised to $65 from $60 at RBC Capital
- Monster Beverage price target raised to $68 from $63 at Morgan Stanley
- CORRECTION – Monster Beverage Reports 2023 Fourth Quarter and Full-Year Financial Results
