Monster Beverage (MNST) PT Raised to $68 at Cowen
Cowen raised its price target on Monster Beverage (NASDAQ: MNST) to $68.00 (from $60.00) while maintaining a Outperform rating.
Analsyt Vivien Azer said, 'in-line should be fine'. Azer noted that gross margin improved sequentially and should benefit from a 4% U.S. price increase expected to take effect on November 1.