Celsius Holdings price target lowered to $85 from $95 at Stifel

Stifel analyst Mark Astrachan lowered the firm’s price target on Celsius Holdings (CELH) to $85 from $95 and keeps a Buy rating on the shares. The firm’s analysis of scanner data and untracked channels suggests end-demand is above consensus sales expectations for Q1-Q2, but it thinks risk exists to reported sales in Q1 due to shipment timing to PepsiCo (PEP) distributors and changes in the accounting for promotional allowances. While sales velocities are slowing as comparisons are challenging, the firm thinks “they are healthier-than-feared,” adding that it would prefer buying Celsius shares on weakness, if any, around Q1 results.