Celsius Holdings price target raised to $75 from $65 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Celsius Holdings to $75 from $65 and keeps an Equal Weight rating on the shares following “solid and in line” Q4 results. However, the 20% stock price increase is “overdone on short covering, momentum stock strength, and likely retail buying on positive social media mentions,” argues the analyst, who sees a balanced mid-term risk/return profile and the potential for the stock to give back short-term gains.