Celsius Holdings price target raised to $165 from $145 at BofA

BofA analyst Jonathan Keypour raised the firm’s price target on Celsius Holdings to $165 from $145 and keeps a Buy rating on the shares after raising estimates based on sales accelerating in scanner data. The firm also examined caffeine content across energy drink brands following a recent New York Times article that scrutinized the issue and said it views the risk of regulatory action around caffeine content as “possible but unlikely.”