Monster Beverage (MNST) PT Raised to $74 at Cowen

February 28, 2019 1:04 PM

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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