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UPDATE: Morgan Stanley Downgrades Monster Beverage

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In a report released Monday, Morgan Stanley analyst Dara Mohsenian downgrades Monster Beverage (NASDAQ: MNST) from Overweight to Equal-weight, while reducing its price target from $82 to $75.

Analysts 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 Stanley believes the market has reduced Monster's value due to a large amount of regulatory concerns, margin expansion potential and operation improvement potential.

Latest Ratings for MNST

DateFirmActionFromTo
Nov 2019MaintainsEqual-Weight
Nov 2019MaintainsSell
Oct 2019DowngradesOutperformMarket Perform

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View the Latest Analyst Ratings

Posted-In: Dara Mohsenian Morgan StanleyDowngrades Price Target Analyst Ratings

 

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