Monster Beverage (MNST) PT Raised to $74 at Cowen
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Price: $47.43 +0.11%
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
Rating Summary:
20 Buy, 14 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
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Cowen analyst Vivien Azer raised the price target on Monster Beverage (NASDAQ: MNST) to $74.00 (from $60.00) while maintaining a Outperform rating following results.
Azer notes international continues to drive growth and the company plans to take a number of price increases to offset the pressure from input costs and should continue to benefit from the roll-out of higher-margin innovations.
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