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Fly News Breaks for January 10, 2020
MNST
Jan 10, 2020 | 06:54 EDT
Credit Suisse analyst Kaumil Gajrawala named Monster Beverage his top pick into 2020. The company's current strategy is working, Gajrawala tells investors in a research note post its investor day. The analyst believes the launch of Predator is "under-the-radar" and he notes that Coke Energy market share remains low in new markets. Further, Monster is entering period of easing comparisons, says Gajrawala, who reiterates an Outperform rating on the shares with a $77 price target.
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