Celsius Holdings shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and announced a $65 price target.
Portfolio Pulse from Benzinga Newsdesk
Celsius Holdings' stock (CELH) trades lower following a downgrade from Buy to Neutral by B of A Securities, which also set a price target of $65.

January 19, 2024 | 3:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Celsius Holdings' shares are expected to face downward pressure in the short term due to the downgrade from Buy to Neutral by B of A Securities and the new price target of $65.
Analyst ratings are influential in the stock market as they provide guidance on a stock's future performance. The downgrade from Buy to Neutral suggests a less optimistic outlook on Celsius Holdings by B of A Securities, which could lead to a decrease in investor confidence and a potential drop in the stock price. The announcement of a $65 price target provides a benchmark that may influence investor perception and trading behavior, potentially causing short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100