Morgan Stanley reports that Celsius’ year-over-year sales growth modestly slowed in NielsenIQ scanner data for the two weeks ended December 16, 2023. Celsius’ market share was flat sequentially at 9.3%, in line with the last twelve weeks average, but down from a high of 9.7% in August, while Celsius’ distribution growth slowed on a year-over-year and two-year basis, added the analyst, who has an Equal Weight rating and $65 price target on Celsius Holdings shares.
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