Piper Sandler Maintains Overweight on Celsius Holdings, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery maintains an Overweight rating on Celsius Holdings (NASDAQ:CELH) but lowers the price target from $65 to $50.
September 05, 2024 | 12:07 pm
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Piper Sandler's analyst Michael Lavery maintains an Overweight rating on Celsius Holdings but reduces the price target from $65 to $50, indicating a more cautious outlook.
The reduction in the price target from $65 to $50 suggests a less optimistic view on the stock's potential upside, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100