May. 10 at 5:10 PM
$MNST Monster Beverage price target raised to
$100 from
$96 at Morgan Stanley
Morgan Stanley raised the firm's price target on Monster Beverage to
$100 from
$96 and keeps an Overweight rating on the shares. The company reported "very strong" Q1 and April results, the analyst tells investors in a research note. The firm views Monster's growth profile as "unique" and "more durable in nature" relative to peers.