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. The firm is reducing its FY24 EPS view by 2c to 66c and its FY25 view by 5c to 88c to reflect the company’s continued market weakness offsetting improved category growth as well as larger Q4 headwinds due to promotional accruals, the analyst tells investors in a research note.
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Read More on CELH:
- Celsius Holdings price target lowered to $42 from $46 at Morgan Stanley
- 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)