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Fly News Breaks for April 9, 2018
MNST
Apr 9, 2018 | 07:11 EDT
Despite a "big" slowdown in China, the global energy drink category remains a growth market, Citi analyst Wendy Nicholson tells investors in a research note. Monster Beverage continues to gain market share globally, and still has "plenty of runway ahead," the analyst adds. She reiterates a Buy rating on Monster with a $70 price target amid the stock's year-to-date decline. The stock remains on Citi's U.S. Focus List.
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