RBC analysts maintained a bullish stance on Keurig Dr Pepper Inc (NASDAQ: KDP) and Monster Beverage Corp (NASDAQ: MNST) after the two beverage giants reported encouraging fourth quarter results.
The Keurig Dr Pepper and Monster Beverage Analyst: Nik Modi maintains an Outperform rating on Keurig Dr Pepper’s stock with an unchanged $37 price target. Modi also maintains an Outperform rating on Monster Beverage’s stock with an unchanged $104 price target.
The Monster Beverage Thesis: Monster Beverage posted “very strong results” that suggest momentum continued into 2021, Modi wrote in a note. The three main positive takeaways from the company’s fourth