Celsius Holdings price target raised to $90 from $76 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on Celsius Holdings to $90 from $76 and keeps an Overweight rating on the shares. The firm continues to believe Celsius can drive sustainable, high-margin, volume-driven share gains with near-term and long-term growth, and expects Celsius to be well-positioned for further shelf space gains as it enters another cycle of U.S. shelf resets, the analyst tells investors in a research note.