Morgan Stanley lowered the firm’s price target on Celsius Holdings (CELH) to $42 from $46 and keeps an Equal Weight rating on the shares. The firm is reducing its FY24 EPS view by 2c to 66c and its FY25 view by 5c to 88c to reflect the company’s continued market weakness offsetting improved category growth as well as larger Q4 headwinds due to promotional accruals, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CELH:
- Celsius Holdings price target lowered to $42 from $46 at Morgan Stanley
- Celsius Holdings price target lowered to $38 from $40 at Roth MKM
- Celsius Holdings initiated with an Overweight at JPMorgan
- Celsius Holdings initiated with a Hold at Deutsche Bank
- Shareholder Alert for Celsius Holdings, Inc. (NASDAQ:CELH)