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Monster Beverage Stock Was Once a Big Winner. Why It Just Got 2 Downgrades.

Monster Beverage Stock Was Once a Big Winner. Why It Just Got 2 Downgrades.

Monster Beverage stock was falling Thursday after two analysts cut their ratings on the energy- drink company. Truist Securities analyst Bill Chappell double downgraded shares of Monster to Sell from Buy and cut his price target on the stock to $46 from $65. Chappell wrote in a research note that “while we still view Monster as a great company, we no longer see it as a high growth story.”