Celsius year-over-year sales growth slowed again, says Morgan Stanley

Morgan Stanley analyst Eric Serotta says scanner data showed that Celsius’ year-over-year sales growth slowed “again” on a sequential basis for the two weeks ended August 10, but adds that market share was flat sequentially at about 9.6%. The firm continues to see a path to Celsius achieving mid-teens share of the U.S. energy category over time, but also sees risk that category growth “remains anemic for several quarters,” says the analyst, who has an Equal Weight rating and $50 price target on the shares.