BofA raised the firm’s price target on Monster Beverage to $57 from $56 and keeps a Buy rating on the shares. Although the firm notes that it lowered its Q3 sales estimate by 1% to $1.72B to reflect weakness seen in recent scanner data, it also raised its FY25 sales growth estimate to 8% from 6% based on an expected U.S. volume recovery in the second half, continued double-digit topline growth internationally and the Bang contribution.
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