RBC Capital analyst Nik Modi raised the firm’s price target on Monster Beverage (MNST) to $75 from $68 and keeps an Outperform rating on the shares. The stock continues to work on the back of robust category growth as the company has significantly upgraded its revenue growth management capabilities over the past 12 months, but market share trends relative to Celsius (CELH) and Red Bull remain an area of debate, the analyst tells investors in a research note.
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