Monster Beverage (MNST) Tops Q1 EPS by 6c; Plans to Conduct $2B 'Dutch Auction' Tender Offer

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UBS Raises Price Target on Monster Beverage (MNST) to $170 Following Strong 1Q Report

May 2, 2016 8:30 AM EDT

UBS reiterated a Buy rating on Monster Beverage (NASDAQ: MNST), and raised the price target to $170.00 (from $168.00), following the company's 1Q earnings report. MNST delivered strong +15.9% net sales growth in 1Q, beating the consensus estimates of +11.9%. The company also reported an EPS beat of $0.80 vs.... More