Monster Beverage downgraded at Morgan Stanley amid slowing sales trends


Monster Beverage (MNST -3.7%) is downgraded to Equal Weight from Overweight with a $75 price target, down from $82, at Morgan Stanley, which cites slowing U.S. trends and balanced valuation.

The firm anticipates reduced retail sales domestically in Q2, while brands such as Rehab, Lo-Carb and Absolute Zero have been underperforming in recent quarters.

Stanley also says the market has reduced MNST's value due to a large amount of regulatory concerns, margin expansion potential and operation improvement potential.

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