Analysts Slash Monster Target Price in Half

MNST headlines today's analyst activity with a brutal consensus target price cut — from $98 down to $48. That is a near-50% reduction in expected value. The energy drink giant carries a $89.6B market cap. The move reflects growing concern about slowing growth and rising competition in the beverages space.

TGT got a more upbeat look from BMO Capital's Kelly Bania. The bank lifted its target to $150 from $130. The rating stays at Hold, but the $20 bump signals growing confidence in the retailer's recovery.

INTU caught an upgrade from TD Cowen's Jared Levine. The analyst moved from Hold to a higher stance, lifting his target to $328 from $304. That puts Intuit firmly back in favour with Wall Street at a $24-buy-strong consensus.

CNC was upgraded at the consensus level. The managed care insurer saw its analyst split improve, with one more buy rating added. The stock has a $32.9B market cap.

EMR also drew positive attention. The Emerson Electric consensus target edged up to $170.44, reflecting a steady drumbeat of target price increases from industrial sector analysts tracking the automation and HVAC themes.