Celsius Holdings shares are trading lower after B. Riley Securities maintained a Buy rating on the stock but lowered its price target from $110 to $80.
Portfolio Pulse from Benzinga Newsdesk
Celsius Holdings shares are trading lower after B. Riley Securities maintained a Buy rating on the stock but lowered its price target from $110 to $80.
July 22, 2024 | 6:10 pm
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Celsius Holdings shares are trading lower after B. Riley Securities maintained a Buy rating on the stock but lowered its price target from $110 to $80.
The reduction in the price target from $110 to $80 by B. Riley Securities, despite maintaining a Buy rating, suggests a less optimistic outlook for Celsius Holdings. This has led to a short-term decline in the stock price as investors react to the revised target.
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