Celsius Holdings price target raised to $44 from $39 at JPMorgan

JPMorgan raised the firm’s price target on Celsius Holdings (CELH) to $44 from $39 and keeps an Overweight rating on the shares ahead of the Q1 report on May 6. The firm believes the cycle of material negative earnings revisions is “in the rearview” for Celsius, which should create a better setup for the stock with a valuation “appearing attractive.” JPMorgan expects “increasing constructiveness” on the attractiveness of the Alani Nu transaction based on tracked channel data acceleration.