Morgan Stanley Maintains Equal-Weight on Celsius Holdings, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eric Serotta has maintained an Equal-Weight rating on Celsius Holdings (NASDAQ:CELH) but has significantly reduced the price target from $195 to $65.

November 15, 2023 | 2:17 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley has lowered the price target for Celsius Holdings from $195 to $65 while maintaining an Equal-Weight rating.
The substantial reduction in price target by a major analyst like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a short-term decline in CELH's stock price. The Equal-Weight rating suggests that the stock is adequately valued at its current price, but the lowered price target indicates a revision of the stock's future growth or performance expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100