Morgan Stanley Downgrades Monster Beverage Corp

In a report released Monday, Morgan Stanley analyst Dara Mohsenian downgrades Monster Beverage Corp

from Overweight to Equal-weight while reducing its price target from $82 to $75 a share. Analyst at Morgan Stanley downgrade the energy drink producer due to reduced retail sales domestically in Q2 while brands such as Rehab, Lo-Carb, and Absolute Zero have been underperforming in recent quarters. Morgan Stanleys believes the market has reduced Monsters value due to a large amount of regulatory concerns, margin expansion potential, and operation improvement potential.