Analyst Downgrade Fuels Further Decline for Celsius (CELH) Shares Amid Sales Concerns and Investor Lawsuit– Hagens Berman
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Celsius Holdings (CELH) shares have faced further 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 08, 2025 | 6:00 pm
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Celsius Holdings shares are under pressure due to a downgrade by Roth MKM, which lowered the 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 reflects concerns about Celsius's sales and its distribution agreement with PepsiCo, which are significant factors for investors. The ongoing shareholder lawsuit further exacerbates the negative sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100