Deutsche Bank analyst Steve Powers raised the firm’s price target on Monster Beverage (MNST) to $94 from $88 and keeps a Buy rating on the shares. The firm would buy of any weakness in Monster shares post earnings. The company reported “strong, broad-based” sales growth in Q4, but its operating margins were held back by higher than anticipated expenses, the analyst tells investors in a research note.
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- Monster Beverage price target raised to $90 from $85 at Evercore ISI
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