Celsius Holdings price target raised to $55 from $40 at BofA

BofA raised the firm’s price target on Celsius Holdings (CELH) to $55 from $40 and keeps an Underperform rating on the shares. Among the firm’s consumer staples coverage, BofA is “cutting estimates for topline and EPS almost universally” for Q3 with a few exceptions, the analyst tells investors in a preview for the packaged food, beverages, HPC and tobacco groups. For Celsius, the firm is flowing through the ew Alani distribution deal and Rockstar acquisition to 2026 numbers while also applying a “significantly higher multiple,” the analyst noted.