Stifel raised the firm’s price target on Celsius Holdings to $95 from $90 and keeps a Buy rating on the shares after having hosted meetings with the company’s Chief of Staff and Head of IR at the firm’s inaugural Jackson Hole Consumer Ski Summit. The firm, which thinks end demand remains healthy and continues to model strong double-digit sales growth through 2024, views at least 30% growth in distribution points as “reasonable,” the analyst tells investors. The firm would prefer to add on weakness, all else equal, given strong share-price performance since Q4 results, the analyst added.
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