Analyst Downgrade Fuels Further Decline for Celsius (CELH) Shares Amid Sales Concerns and Investor Lawsuit – Hagens Berman
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Celsius Holdings (CELH) faces further stock decline due to an analyst downgrade, sales concerns, and a shareholder lawsuit. Roth MKM reduced its price target for CELH, adding to the company's challenges.
January 02, 2025 | 6:00 pm
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Celsius Holdings' stock is under pressure due to a downgrade by Roth MKM, which lowered its price target from $40 to $38. This comes amid concerns about sales, a distribution agreement with PepsiCo, and a shareholder lawsuit.
The downgrade by Roth MKM directly impacts investor sentiment, likely leading to further stock price decline. The concerns about sales and the lawsuit add to the negative outlook, making the short-term impact on CELH negative.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100