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Fly News Breaks for May 9, 2018
MNST
May 9, 2018 | 09:38 EDT
SunTrust analyst William Chappell lowered his price target on Monster Beverage to $50 and kept his Hold rating after its Q1 results, saying the decline in gross margins was surprising. The analyst attributes the shortfall to "negative sales mix, higher input and freight costs, and additional investments in International markets," anticipating these challenges to persist amid the faster growth of lower margin products in U.S. markets.
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