Wedbush raised the firm’s price target on Celsius Holdings to $90 from $75 and keeps an Outperform rating on the shares. With the stock currently trading among all-time highs, up over 45% year-to-date and up almost 65% over the past month alone, the firm is also removing Celsius from its Wedbush Best Ideas List, simply due to what it views as more limited upside in the share price. Wedbush’s thesis remains unchanged, and fundamentally, the firm continues to expect Celsius to be among the best performing companies under its coverage.
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