Monster Beverage's (MNST) price targets lowered by Citigroup, BMO Capital Markets, and UBS.

Monster Beverage's (MNST) price target has been reduced by Citigroup from $60 to $54, while other analysts also lowered their targets. The company reported last quarter's earnings missing consensus estimates by $0.04. Despite this, institutional investors increased their stakes in Monster. BMO Capital Markets reduced the price target from $56.00 to $54.00, while UBS cut the price target to $51.00. The consensus rating for the company is 'Hold' with an average price target of $56.19.