JPMorgan analyst Andrea Teixeira raised the firm’s price target on Monster Beverage to $114 from $106 and keeps an Overweight rating on the shares ahead of the company’s Q4 results on February 28. The analyst expects strong sales growth and sequentially improved margins. The firm says a favorable 2023 setup with upside potential to consensus estimates make Monster Beverage a top pick.
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Published first on TheFly
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