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Monster Beverage upgraded to Buy from Neutral at Redburn
The Fly

Monster Beverage upgraded to Buy from Neutral at Redburn

Redburn analyst Charlie Higgs upgraded Monster Beverage to Buy from Neutral with a $120 price target. The analyst sees upside to near-term margin and longer-term sales consensus estimates. Monster shares offer an attractive entry point given the scope for estimate increases and the company’s potentially "enormous international growth story," the analyst tells investors in a research note.

Published first on TheFly

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