TD Cowen raised the firm’s price target on Monster Beverage (MNST) to $55 from $50 and keeps a Hold rating on the shares. The firm said they reported a 3Q beat on FX-neutral sales growth beat but missed on EPS. While management struck an upbeat tone on energy drink category recovery, preliminary commentary on October sales growth was underwhelming.
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Read More on MNST:
- Monster Beverage price target raised to $59 from $57 at Stifel
- Monster Beverage price target lowered to $59 from $61 at Deutsche Bank
- Monster Beverage price target raised to $57 from $55 at UBS
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