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Fly News Breaks for September 14, 2017
MNST
Sep 14, 2017 | 17:21 EDT
Macquarie analyst Caroline Levy initiated Monster Beverage (MNST) with an Outperform and a $65 price target saying he is positive on growth, a debt free balance sheet, and industry leading 30%+ ROIC. The analyst believes Monster has just begun to utilize the full power of its global distribution agreement with Coke-Cola (KO) which will drive international expansion, particularly China, and growth in the US is ticking up and share gains continue.
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