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Fly News Breaks for April 17, 2017
MNST
Apr 17, 2017 | 06:33 EDT
Goldman analyst Judy Hong removed Monster Beverage from the Conviction Buy List telling investors she expects shares to be range-bound near-term due to soft core Monster sales trends in the US. Hong trimmed Q1 earnings to 29c from 30c and 2017 to $1.43 from $1.44 and lowered her price target to $54. The analyst maintains a Buy rating due to market share gains from International and new territory expansion.
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