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.
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