Monster Beverage drops after Bloomberg report on energy drinks The stock is down over 4% in the pre-market after a Bloomberg report out yesterday after the close noted that energy drinks may increase blood pressure and lead to an erratic heartbeat. At the current price of $48.11, support is at $47.37, and then at $45.94. Resistance is at $49.80.
Monster Beverage upgraded to Buy from Outperform at CLSA CLSA upgraded Monster (MNST) to Buy and raised estimates to reflect higher international growth forecasts from its partnership with Coca-Cola (KO). Price target raised to $130 from $110.