Monster Beverage Board Authorizes New $500 Million Share Repurchase Program

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Morgan Stanley Remains Bullish on Monster Beverage (MNST)

May 31, 2018 8:40 AM EDT

Morgan Stanley reiterated an Overweight rating and $61.00 price target on Monster Beverage (NASDAQ: MNST) based on four key points: (1) the potential for a US price increase, (2) topline upside vs. consensus, (3) perceived strategic potential, and (4) attractive valuation.

Morgan Stanley made model tweaks and very... More