Deutsche Bank raises Monster Beverage (NASDAQ:MNST) to a Buy rating on a valuation call after having the beverage stock slotted at Hold. The firm’s new price target on MNST is $63.
Morgan Stanley defends Monster as it keeps an Overweight rating in place.
Citi pushes Monster on to its U.S. Focus List and keeps a Buy rating.
Shares of Monster are up 2.31% in early trading to $55.38. The 52-week high is $70.22.