Truist lowered the firm’s price target on Monster Beverage to $40 from $46 and keeps a Sell rating on the shares. The firm is adjusting its model after the company’s Q2 earnings miss this week, also cutting its FY24 EPS view by 10c to $1.65 and its FY25 EPS view by 7c to $1.85.
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Read More on MNST:
- Monster Beverage price target lowered to $60 from $64 at RBC Capital
- Monster Beverage price target lowered to $59 from $63 at Deutsche Bank
- Monster Beverage price target lowered to $50 from $56 at JPMorgan
- Monster Beverage price target lowered to $51 from $55 at UBS
- Monster Beverage price target lowered to $46 from $59 at Piper Sandler