What's Going On With Celsius Holdings Stock Today?
Portfolio Pulse from Adam Eckert
Celsius Holdings Inc (NASDAQ:CELH) shares are trading lower due to multiple downward price target revisions from analysts, following an inventory reduction from PepsiCo Inc (NASDAQ:PEP). Despite maintaining positive ratings, analysts from Roth MKM, Morgan Stanley, Stifel, Wedbush, Jefferies, and TD Cowen have all lowered their price targets for Celsius Holdings.
June 17, 2024 | 1:56 pm
News sentiment analysis
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NEGATIVE IMPACT
Celsius Holdings shares are trading lower due to multiple downward price target revisions from analysts, following an inventory reduction from PepsiCo. Despite maintaining positive ratings, analysts have lowered their price targets.
The downward revisions in price targets by multiple analysts indicate a negative sentiment towards the stock in the short term. This is compounded by the inventory reduction from PepsiCo, which is a significant factor for Celsius Holdings.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
PepsiCo's inventory reduction has led to multiple analysts lowering their price targets for Celsius Holdings, indicating a potential impact on PepsiCo's supply chain and inventory management.
PepsiCo's inventory reduction has indirectly affected Celsius Holdings, leading to a negative sentiment among analysts. This could indicate potential issues in PepsiCo's supply chain and inventory management.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50