Monster Beverage (MNST) Misses Q2 EPS by 4c
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Monster Beverage (MNST) PT Raised to $185 at Stifel
August 5, 2016 7:53 AM EDTStifel analyst Mark Astrachan reiterated a Buy rating and lifted its price target on Monster Beverage (NASDAQ: MNST) to $185.00 (from $165.00) following Q2 beat.
Astrachan commented, "Monster Beverage Corp. reported 2Q16 results with EPS of $0.99, compared to consensus of $1.03. Net sales growth of 19.3% exceeded consensus of 15.9%, with the EPS miss driven by the exclusion of cost savings from the acquisition of American Fruits & Flavors. Using a normalized gross margin of... More
