Morgan Stanley lowered the firm’s price target on Celsius Holdings (CELH) to $42 from $46 and keeps an Equal Weight rating on the shares. While energy category growth in Nielsen tracked channels has improved from 1.0% in Q3 to 5.5% in Q4-to-date, Celsius’ market share has slipped from 9.6% to 9.0%, notes the analyst, who has lowered Q4 and FY25 EPS estimates.
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Read More on CELH:
- Celsius Holdings price target lowered to $38 from $40 at Roth MKM
- Celsius Holdings initiated with an Overweight at JPMorgan
- Celsius Holdings initiated with a Hold at Deutsche Bank
- Shareholder Alert for Celsius Holdings, Inc. (NASDAQ:CELH)
- Celsius initiated with Buy, added to Conviction List at Needham