Credit Agricole Cuts Monster Beverage (MNST) to Underperform, Raises Target to $82

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Credit Agricole's Caroline Levy downgraded shares of Monster Beverage (NASDAQ: MNST) by two notches from Outperform to Underperform Tuesday morning. The analyst raised her price target by nearly 11 percent from $73 to $82.

With the stock up about $15 over the last month or so, Levy said her call was based on valuation. Despite the Underperform rating, the analyst's price target implies potential upside of nearly 5 percent.

Shares of Monster are down 1.8 percent to $77.32 at last check.

For an analyst ratings summary and ratings history on Monster Beverage click here. For more ratings news on Monster Beverage click here.

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