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Monster Beverage (MNST) PT Raised to $60 at Jefferies; Reiterates Buy
March 2, 2017 6:55 AM ESTJefferies raised its price target on Monster Beverage (NASDAQ: MNST) to $60.00 (from $58.00) while maintaining a Buy rating. MNST delivered +16.5% organic sales in the 4Q vs. +10.3% consensus (including +35% int'l growth) with revenues +4% above Street estimates.
Analyst Kevin Grundy commented, "We lift our PT to $60... More
