Monster Beverage Faces Downgrades from Analysts

BMO Capital Markets and Citigroup Adjust Price Targets

Monster Beverage Corporation (NASDAQ: MNST) has faced downward revisions in price targets from multiple analysts recently.

BMO Capital Markets

BMO Capital Markets lowered its price objective on Monster Beverage from $56.00 to $54.00, maintaining a "Hold" rating.

Citigroup

Equities researchers at Citigroup also decreased their target price on Monster Beverage, adjusting it from $69.00 to $60.00. No specific reason for the downgrade was provided.

Conclusion

The analyst downgrades highlight the cautious outlook for Monster Beverage in the current market environment. The company faces challenges related to rising input costs and intense competition in the energy drink industry. Despite these headwinds, Monster Beverage remains a well-known brand with a loyal customer base. Investors should monitor the company's performance closely in the coming months to assess the impact of the price target adjustments.