Wedbush upgrades Celsius Holdings to Outperform, raises price target to $115

As previously reported, Wedbush analyst Gerald Pascarelli upgraded Celsius Holdings to Outperform from Neutral with a price target of $115, up from $95. The firm believes that the recent pullback in shares creates an attractive entry point for investors looking to gain exposure to the best growth story in all of CPG. While Wedbush thinks opportunities exist for the company to gain across all channels, the biggest opportunity will come from the C-Store channel.