Morgan Stanley notes that tracking data showed Celsius’ year-over-year sales growth slowed on a sequential basis, which was likely impacted by weather, but was relatively stable on a two-year basis for two weeks ended June 1. Celsius’ market share excluding powders declined sequentially from 10.7% five weeks ago to 10.0% in the latest week, added the analyst, who has an Equal Weight rating and $75 price target on Celsius shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CELH:
- Lifeway Foods Stock (NASDAQ:LWAY): The Next Hidden Gem in the CPG Space?
- Celsius Holdings price target raised to $84 from $80 at BofA
- Celsius trends continue to slow sequentially, says Evercore ISI
- Celsius Holdings (NASDAQ:CELH) Plummets as Sales Trends Turn Bleak
- Celsius Holdings price target raised to $95 from $85 at Stifel
Questions or Comments about the article? Write to editor@tipranks.com