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Fly News Breaks for January 19, 2018
MNST
Jan 19, 2018 | 09:15 EDT
BMO Capital analyst Amit Sharma raised his price target on Monster Beverage to $71 after the company's Investor Meeting reinforced his view that it is "one of the most attractive growth investments in the staple universe". The analyst says the company is experiencing a rebound in U.S. growth and also ramping up market share trajectory in China, where some cities saw the product share reach over 4%. Sharma keeps his Outperform rating on Monster Beverage.
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