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If you're invested in Monster Beverage stock, you'll want to watch this analysis. Find out why MNST stock is under pressure and what it means for investors today.
Morgan Stanley said there was not a lot of new news from the event. However, the bank lowered its price target for the stock to $60 from $65 per share, maintaining an Overweight rating.
Citi said the company acknowledged the recent slowdown in the energy drink category but commented that they believe the softness is temporary, and they are optimistic about the second half of the year, including a 5% U.S. price increase in Q4.
Monster Beverage Stock: What's Next
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