Monster Beverage (MNST) PT Raised to $65 at BMO Capital on 3Q Report; 'Sales Momentum Appears to be Broad-Based'

BMO Capital raised its price target on Monster Beverage (NASDAQ: MNST) to $65.00 (from $58.00) while maintaining a Outperform rating, following the company's third quarter earnings report.

Analyst Amit Sharma notes a positive outlook on the shares, as the company reported third quarter revenues above consensus projections fueled by strong sales growth and momentum in international markets, despite a miss on earnings per shares results.

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