William Blair starts Celsius at Outperform on ‘attractive position’

William Blair initiated coverage of Celsius Holdings with an Outperform rating and no price target. The analyst views Celsius as one of the most attractive growth opportunities in the food and beverage space. The Outperform rating is driven by the company’s “attractive position” as a high-growth functional beverage business with a brand that is on-trend and differentiated with significant white space for expansion,” the analyst tells investors in a research note. The firm says that while stock’s valuation leaves “less margin for error,” a premium is warranted given the company’s growth potential.