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Fly News Breaks for July 18, 2016
MNST
Jul 18, 2016 | 14:15 EDT
Goldman analyst Judy Hong views today's weakness in Monster Beverage shares following a competitors report as a buying opportunity. The analyst maintains her Q2 earnings estimate of $1.02, versus consensus of $1.03, and sees another step-up in gross margin in Q2 to 64.1% versus 62.2 in Q1. Hong rates Monster a Conviction Buy with a $172 price target on shares.
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