Energy drink maker Celsius Holdings (CELH) was a stock market darling until four months ago, when shares began to slump over signs of the company’s slowing growth and economic headwinds, Evie Lu writes in this week’s edition of Barron’s. The stock tumbled 12% on Wednesday after management said at a conference that orders from a major distributor declined from last year. These jitters look overblown, the author says. Celsius is getting its products on more grocery shelves, selling more online, and expanding overseas. When the dust settles, expect the stock to get a boost, the publication adds.
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Read More on CELH:
- Celsius Holdings price target lowered to $30 from $45 at Truist
- Celsius Holdings price target lowered to $26 from $32 at BofA
- Celsius Holdings price target lowered to $53 from $68 at Jefferies
- Celsius Holdings price target lowered to $50 from $65 at Maxim
- Celsius Holdings price target lowered to $45 from $65 at Roth MKM
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