Stifel resumed coverage of Monster Beverage (MNST) with a Buy rating and $72 price target The firm resumed coverage of the energy drink group with a positive outlook. The group will benefit from the reacceleration in the U.S. energy drink category and international growth opportunity, the analyst tells investors in a research note. Stifel believes Monster is positioned for accelerating revenue growth, primarily driven by international markets and improving sales trends in the U.S. benefiting from recent innovation and distribution gains.
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