Roth MKM lowered the firm’s price target on Celsius Holdings (CELH) to $40 from $43 and keeps a Buy rating on the shares. The company continues to outperform its larger peers, has considerable runway for international expansion, and has probably passed the worst of the Pepsi (PEP) inventory rebalancing, though its Q3 results were short of estimates, and some of its headwinds are expected to persist into Q4, the analyst tells investors in a research note.
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Read More on CELH:
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