Monster Beverage stock was falling Thursday after two analysts cut their ratings on the energy- drink company. Truist Securities analyst Bill Chappell double downgraded shares of Monster to Sell from Buy and cut his price target on the stock to $46 from $65. Chappell wrote in a research note that “while we still view Monster as a great company, we no longer see it as a high growth story.”
Monster Beverage (MNST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Monster Beverage (MNST) gains from strength in its energy drinks category and product innovations.