JPMorgan lowered the firm’s price target on Monster Beverage (MNST) to $51 from $52 and keeps a Neutral rating on the shares ahead of the Q4 report on February 27. The firm sees an improving setup for 2025 but says Monster’s core consumer is still cautious. JPMorgan likes the stock setup into a recovery in the broader energy category, but remains cautious on the health of the core Monster consumer, aluminum cost pressures, and currency headwinds.
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