Truist raised the firm’s price target on Celsius Holdings (CELH) to $50 from $45 and keeps a Buy rating on the shares as part of a broader research note updating estimates among select Consumer Product names. The energy drink category is finally showing signs of life just as the company has brought in a COO that’s well-positioned to ensure the Pepsi (PEP) distribution deal stays on track, the analyst tells investors in a research note. While the stock has rebounded nicely, it isn’t even halfway back to year-ago highs, Truist added.
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