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Fly News Breaks for September 14, 2018
MNST
Sep 14, 2018 | 08:01 EDT
Guggenheim analyst Laurent Grandet initiated Monster Beverage with a Buy and $72 price target saying it has among the strongest fundamentals in the industry driven by leading organic sales growth, a healthy US energy drink category, continued shares gains, innovation in "energy-adjacent" segments, and international expansion supported by the Coca-Cola global distribution system.
News For MNST From the Last 2 Days
MNST
Apr 29, 2024 | 08:21 EDT
Stifel lowered the firm's price target on Monster Beverage to $63 from $65 and keeps a Buy rating on the shares. The firm reduced its 2024-2025 sales and EPS estimates "slightly," mainly reflecting weakening U.S. sales growth, but said it remains comfortable with its above-consensus Q1 sales expectations and thinks "a less-bad-than-feared result," including a solid month of April sales, could potentially be a positive catalyst for shares given weak investor sentiment.
