Celsius Holdings price target raised to $46 from $38 at Roth Capital

Roth Capital raised the firm’s price target on Celsius Holdings (CELH) to $46 from $38 and keeps a Buy rating on the shares. The acquisition of Alani Nu will re-invigorate the company’s growth over the next several years as combining the #3 and #4 domestic energy drink brands will expand Celsius’ product offering and broaden its customer and consumer bases, the analyst tells investors in a research note.