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Fly News Breaks for March 2, 2017
MNST
Mar 2, 2017 | 07:20 EDT
UBS analyst Stephen Powers raised his price target on Monster Beverage to $57 from $53. The analyst cited the company's Q4 results, which beat on the bottom line and on gross margins. The company also authorized a new $500M stock buyback. Powers expects its international strength to continue and for the U.S, to soften but to improve over the year. Powers reiterated his Buy rating on Monster Beverage shares.
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