B of A Securities Downgrades Celsius Holdings to Underperform, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Celsius Holdings (NASDAQ:CELH) from Neutral to Underperform and lowered the price target from $60 to $32.
August 08, 2024 | 10:21 am
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NEGATIVE IMPACT
B of A Securities has downgraded Celsius Holdings from Neutral to Underperform and reduced the price target from $60 to $32, indicating a negative outlook.
The downgrade from Neutral to Underperform and the significant reduction in the price target from $60 to $32 by B of A Securities suggests a negative outlook for Celsius Holdings. This is likely to result in a short-term decline in the stock price as investors react to the downgrade and lower price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100