Stifel lowered the firm’s price target on Celsius Holdings (CELH) to $45 from $51 and keeps a Buy rating on the shares. The firm is “again” lowering estimates, mainly reflecting higher promotional allowances in Q4 that will reduce net sales and gross margin, the analyst tells investors in a post-earnings note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 $45 from $50 at UBS
- Celsius Holdings price target lowered to $46 from $50 at Morgan Stanley
- Celsius Holdings Sees Decline Amid Supply Chain Changes
- Trump Media, broader market surge after Trump wins election: Morning Buzz
- CELH Earnings: Celsius Holdings Declines As Q3 Results Disappoint