B. Riley Securities Maintains Buy on Celsius Holdings, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Celsius Holdings (NASDAQ:CELH) but lowered the price target from $110 to $80.
July 22, 2024 | 2:43 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained a Buy rating on Celsius Holdings but lowered the price target from $110 to $80. This indicates continued confidence in the company's prospects, albeit with a more conservative valuation.
The maintained Buy rating suggests that the analyst still sees potential in Celsius Holdings, but the lowered price target reflects a more cautious outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100