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Fly News Breaks for June 20, 2017
MNST
Jun 20, 2017 | 07:12 EDT
Jefferies analyst Kevin Grundy says Monster Beverage remains a top pick following "upbeat commentary" at the company's shareholder meeting. Positives included "bullish" commentary on international growth and margin, an "encouraging" U.S. outlook, and long-term drivers to grow penetration, Grundy tells investors in a research note. He views the shares as attractively valued and reiterates a Buy rating on Monster with a $63 price target.
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