Celsius Holdings price target lowered to $72 from $78 at Ladenburg

Ladenburg lowered the firm’s price target on Celsius Holdings to $72 from $78 and keeps a Buy rating on the shares after meeting with management. Celsius continues to demonstrate strong retail sales growth, maintaining positive momentum through Q3 despite challenging macroeconomic conditions, the analyst tells investors in a research note. The firm says tracked retail sales showed quarter-to-date growth of 10%, outperforming the broader energy drink category, which grew 1%. However, Celsius has faced challenges with inventory and supply chain management, leading to a temporary imbalance between product sell-in and retail sell-through, notes Ladenburg. Despite the near-term disruptions associated with inventory adjustments, the firm maintains a positive outlook on the company’s ability to drive sustained growth and capture additional market share.