Celsius Holdings price target raised to $90 from $70 at Roth MKM

Roth MKM raised the firm’s price target on Celsius Holdings to $90 from $70 and keeps a Buy rating on the shares. The company’s Q4 results were well above consensus, driven by the factors that have propelled its growth over the past several years – continued expansion of distribution, increased shelf space in existing customers, and high retail sales velocity, the analyst tells investors in a research note.