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Fly News Breaks for January 18, 2019
MNST
Jan 18, 2019 | 07:46 EDT
UBS analyst Sean King attended the Monster Beverage investor meeting and came away unconvinced that management has figured out a profitable strategy for China and seems content with share losses in the ever increasing competitive energy drink market. He noted costs are also on the rise, adding to his caution. King reiterated his Sell rating and $48 price target on Monster Beverage shares.
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