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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 08:55 EDT
Morgan Stanley analyst Dara Mohsenian noted that Monster Beverage topped expectations for Q4 earnings and revenue and he expects a positive stock reaction to the beat. The strong sales growth in Q4, as well as in January, supports his thesis of re-accelerating topline growth, said Mohsenian, who keeps an Overweight rating and $78 price target on Monster shares.
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