Deals
Monster Beverage's Monster Gain Scared One Analyst, But Not RBC
Cans of Monster Beverage Corp. energy drink.
Photographer: Patrick T. FallonThis article is for subscribers only.
Monster Beverage, which was removed from Citibank’s Focus List two weeks ago, still has plenty of room to run, according to RBC Capital sell-side analyst Nik Modi, who has a multi-year bull-case price target of $100 per share.
Monster shares are up 23 percent year to date through Friday’s close, more than double the S&P 500’s 9.4 percent gain.