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Fly News Breaks for December 7, 2018
MNST
Dec 7, 2018 | 08:31 EDT
Stifel analyst Mark Astrachan said his visits to more than a dozen retailers in Shanghai, China showed Monster Beverage was almost exclusively placed with other energy drinks and in several instances with a second spot for Monster Ultra, which was introduced in Q4. He believes investor expectations for Monster's China business are muted, at best, and views the "solid distribution" and new product introduction as notable, Astrachan tells investors. He maintains a Buy rating and $66 price target on Monster shares.
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