Jefferies analyst Kevin Grundy believes the "strong" commentary on Q4 and "bullish" long-term outlook from Monster Beverage's analyst day should drive a relief rally in the shares. The company is not seeing the slowdown implied by recent Nielsen results, Grundy tells investors in a research note. He found the analyst day "upbeat" and keeps the stock as a top pick with a Buy rating and $58 price target.

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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

Truist downgraded Monster Beverage to Sell from Buy with a price target of $46, down from $65.

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.