By: Benzinga
UPDATE: Stifel Nicolaus Upgrades Monster Beverage Corporation to Buy on Margins, Cash Flows
Stifel Nicolaus raised its rating on Monster Beverage Corporation (NASDAQ: MNST ) from Hold to Buy and established a $65 price target. Stifel Nicolaus said, "We believe shares largely reflect slowing sales growth, due mainly to difficult y/y comparisons, which we anticipate will re-accelerate beginning in 2Q13. We also
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