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Fly News Breaks for September 16, 2015
MNST
Sep 16, 2015 | 07:59 EDT
CLSA downgraded Monster Beverage to Outperform from Buy and lowered its price target to $152 from $175. The firm's analyst lowered estimates to reflect the delaying of the company's buyback and the transition of systems to Coca-Cola (KO) internally, which could be an overhang on margin expansion internationally for up to a year.
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