Wells Fargo raised the firm’s price target on Celsius Holdings (CELH) to $45 from $44 and keeps an Overweight rating on the shares. The firm remains bullish on Celsius Holdings, as trends on core/legacy Celsius brand have at least stabilized, and Alani Nu’s retail sales growth remains extremely strong. Gross margin momentum remains strong, though it is lower near-term on post-deal inventory step-up for Alani Nu, Piper adds.
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