Celsius Holdings price target lowered to $47 from $50 at B. Riley
The Fly

Celsius Holdings price target lowered to $47 from $50 at B. Riley

B. Riley lowered the firm’s price target on Celsius Holdings (CELH) to $47 from $50 and keeps a Buy rating on the shares ahead of the Q3 report on November 6. The Q3 metrics will reflect substantial impact from PepsiCo’s ongoing inventory optimization, the analyst tells investors in a research note. Riley reduced estimates but is focused on Celsius’ longer-term growth drivers.

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