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Analysts Offer Insights on Consumer Goods Companies: Monster Beverage (MNST) and Graincorp Limited Class A (OtherGRCLF)

Tipranks - Mon Jun 1, 10:04PM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Monster Beverage (MNST) and Graincorp Limited Class A (GRCLF) with bullish sentiments.

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Monster Beverage (MNST)

In a report released yesterday, Dara Mohsenian from Morgan Stanley reiterated a Buy rating on Monster Beverage, with a price target of $103.00. The company’s shares closed last Friday at $88.08.

According to TipRanks.com, Mohsenian is a 5-star analyst with an average return of 7.4% and a 62.7% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Constellation Brands, and Colgate-Palmolive. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Monster Beverage with a $93.06 average price target, representing a 5.8% upside. In a report issued on May 18, Wells Fargo also maintained a Buy rating on the stock with a $97.00 price target.

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Graincorp Limited Class A (GRCLF)

Graincorp Limited Class A received a Buy rating and a A$7.25 price target from Ord Minnett analyst John Lawlor, CFA today. The company’s shares closed last Friday at $3.76.

According to TipRanks.com, CFA is ranked #653 out of 12287 analysts.

Currently, the analyst consensus on Graincorp Limited Class A is a Moderate Buy with an average price target of $4.60, a 22.5% upside from current levels. In a report issued on May 18, Canaccord Genuity also maintained a Buy rating on the stock with a A$6.88 price target.

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