Celsius Holdings price target raised to $215 from $185 at Piper Sandler

Piper Sandler raised the firm’s price target on Celsius Holdings to a Street-high $215 from $185 and keeps an Overweight rating on the shares. The company’s “surprisingly high” margins in Q2 are sustainable, the analyst tells investors in a research note. While higher promotions and marketing spending are set to drive a sequential decline in Q3, Celsius’ better operating leverage is a “key, sustainable driver” of upside versus prior expectations, says Piper.