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Fly News Breaks for May 29, 2015
MNST
May 29, 2015 | 07:27 EDT
After surveying beverage retailers, Wells Fargo says that Monster Beverage continues to face distribution issues, but that the situation appears to be improving. The firm thinks the company's results should improve in 2H15 due to price increases ,innovation, and strength in the energy beverage sector.
News For MNST From the Last 2 Days
MNST
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
MNST
Apr 25, 2024 | 06:11 EDT
Truist downgraded Monster Beverage to Sell from Buy with a price target of $46, down from $65.
MNST
Apr 25, 2024 | 04:52 EDT
JPMorgan analyst Andrea Teixeira downgraded Monster Beverage to Neutral from Overweight with a price target of $59, down from $66, ahead of the company's Q1 earnings report on May 8. While the shares have already sold off, there are limited catalysts to the upside at this point as "long-hoped for potential price increases somehow lost their attractiveness" due to the latest run up in aluminum prices and an already-stretched lower income consumer, the analyst tells investors in a research note. Moreover, the firm says Monster's tracked and untracked channel trends are still challenged and it appears that household penetration and buy rates are pressured.