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Stifel buyers on any post-Q4 weakness in Monster Beverage
The Fly

Stifel buyers on any post-Q4 weakness in Monster Beverage

Stifel analyst Mark Astrachan maintains the firm’s "slightly below consensus" Q4 sales and EPS estimates for Monster Beverage, but said in a preview note that they would be buyers on any post-earnings weakness given that for 2023 they continue to estimate Monster could achieve 15% sales growth, compared to consensus’ call for 12% growth. The firm, which also notes U.S. sales have accelerated in scanner data in recent weeks, keeps a Buy rating and $113 price target on Monster shares.

Published first on TheFly

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