UPDATE: J.P. Morgan Upgrades Monster Beverage as Top-Line and Bottom-Line Momentum Accelerate

In a report published Monday, J.P. Morgan analyst John Faucher upgraded the rating on Monster Beverage Corp. (NASDAQ: MNST ) from Neutral to Overweight, and raised the price target from $70.00 to $74.00. In the report, J.P. Morgan noted, “We are upgrading Monster (MNST) from Neutral to Overweight. Top-line growth