Celsius Holdings price target raised to $105 from $98 at Jefferies

Jefferies raised the firm’s price target on Celsius Holdings to $105 from $98 and keeps a Buy rating on the shares. The company is moving into its global rollout phase, starting with Canada, the UK and Ireland, the analyst tells investors in a research note. The firm further contends that Celsius brand can establish a new “clean energy” category in these markets, accelerating an already growing energy drink market. Jefferies estimates that the company can reach $376M in international sales by 2028 or 9% of sales vs. about 4% currently.