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Fly News Breaks for January 10, 2020
Jan 10, 2020 | 08:15 EDT
BMO Capital analyst Amit Sharma said Monster Beverage management was upbeat, "as usual," about its growth outlook at the company's semi-annual investor meeting. However, he remains skeptical about Monster's ability to meet current consensus U.S. sales growth expectations despite the fact management "effectively signaled" higher calendar 2020 U.S. top-line expectations, said Sharma. The analyst, who cites continued "core" weakness and Monster's declining share of incremental energy drinks dollars as reasons for his caution, keeps a Market Perform rating on the stock.
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