Reported 1 day ago
UBS has raised its price target for Monster Beverage Corporation (NASDAQ:MNST) to $64, up from $63, while maintaining a Neutral rating. This decision reflects cautious optimism regarding the company's distribution and innovation efforts amid increasing competition and market pressures. The firm is taking a wait-and-see approach as it closely monitors the company's expansion into alcoholic beverages and its overall performance in a crowded U.S. market.
Source: YAHOO