Celsius Holdings price target lowered to $73 from $80 at B. Riley

B. Riley lowered the firm’s price target on Celsius Holdings to $73 from $80 and keeps a Buy rating on the shares following the Q2 report. Competition in the energy drink category has intensified, with the two biggest rivals striving for increased shelf space and market share within a more challenging consumer environment, the analyst tells investors in a research note. The firm says consumers are adjusting buying habits amid macro pressures and inflation.