UPDATE: JPMorgan Upgrades Monster Beverage (MNST) to Overweight

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Monster Beverage (MNST) Upgraded at JPM On 'Attractive Narrative' into 2023

November 1, 2022 12:08 PM EDT

Monster Beverage (NASDAQ: MNST) was upgraded to Overweight from Neutral, with its price target increased by $10 to $106 per share by JPMorgan analyst Andrea Teixeira on Tuesday.

Teixeira told investors in a note that the upgrade is based on the company's attractive narrative into 2023 while its organic/EPS growth is... More