BofA analyst Jonathan Keypour raised the firm’s price target on Celsius Holdings to $195 from $180 and keeps a Buy rating on the shares. The firm is revising its Q3 sales estimate down to $368M, noting this is “still above consensus,” and raising its Q4 sales estimate to $321M, noting that Celsius’ tracked channel sales growth has “remained resilient” through the quarter-to-date period ending September 9.
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