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Fly News Breaks for December 4, 2018
MNST
Dec 4, 2018 | 07:16 EDT
Wells Fargo analyst Bonnie Herzog is slightly more cautious on Monster Beverage following her recent "Beverage Buzz" retailer survey given a moderating sales growth outlook, increased pressure from emerging brands and the potential that stepped up promos could offset some of the company's recent price increase and pressure margins. The analyst reiterates a Market Perform rating and $55 price target.
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